There's a sense of urgency for
U.S. ports across the country as many are quickly upgrading their facilities to get ready for the impending Panama Canal expansion. From
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Watch the Pan. Canal expansion live
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widening their harbors to acquiring bigger cranes, port owners are spending over $46 billion to improve the conditions of docks to
make room for the huge trade ships that will soon land on our shores.
The reason for the overhaul is simple. Over a century ago, the construction of the Panama Canal forever advanced global trade by making a shortcut between the Pacific and Atlantic oceans. The expansion project being completed now looks to accomplish a similar feat and everyone is getting ready for it. With upgrades to ports, the U.S. now has the infrastructure to accommodate the huge boost in exports to Asia. This change especially includes propane, as the VLGC ships needed to transport it are finally going to be able to fit through the widened canal.
What this means for propane users is that the price is likely going to go up. The price of propane hasn't gone down like it normally would during this time of year and the reason
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China pays over 70 cents more for propane.
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is becoming more clear. Propane exports are about to skyrocket as soon as this opens up because a
market that is five times larger than the entire population of North and South America is going to start buying up U.S. exports as fast as we can get it there. Stay tuned for more updates from thriftypropane.com Call Thrifty Propane at 800-879-3152 to place your order.
