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Eastern Ports Spend Billions, But Will New Ships Come?

Ports along the East Coast are scrambling to dredge and expand so they can accommodate larger ships expected once the Panama Canal widening is complete in 2015. Politicians and port executives in the East call it a game-changer. Other industry leaders, including port officials on the West Coast, say despite the billions of dollars being spent, the wider Panama Canal is not likely to bring much new shipping to the East Coast.