Impact Of Expanded Panama Canal On U.S. Ports, Shipping

6/22/16

OVERVIEW: David Egan, Head of Industrial & Logistics Research in the Americas for CBRE Group, Inc., the world’s largest commercial real estate services and investment firm, is available to discuss the short-term and long-term impacts of next week’s debut of the expanded Panama Canal on North American ports, shipping and industrial real estate. In addition, CBRE today released a report outlining several of the likely ramifications of the canal’s ability to handle larger ships.

AREAS OF COMMENTARY:

  • North American ports that stand to benefit from the expanded canal and those that will lose cargo volume.
  • Considerations likely to determine whether shippers get cargo to the East Coast through the canal or across land.
  • The ports prepared to handle the largest ships that can now pass through the canal.
  • Inland ports and industrial markets likely to gain from the larger canal.


CBRE EXPERT: David Egan, Head of Industrial & Logistics Research, The Americas:

“The debut of the expanded Panama Canal marks a fundamental shift in the shipment of Asian goods to the Eastern U.S. The short term won’t bring massive, game-changing gains for East Coast ports because much of that repositioning already occurred in recent years. But it will shift U.S. cargo delivery from slightly favoring the West Coast to a more even split between the two coasts.”Contact Kris Hudson at kris.hudson@cbre.com to request an interview with David Egan.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.