First lock gate for new Pacific entrance of the canal was installed.
The administration also proposed new incentives for private investment in projects and developing a 30-year transport assessment.
The ocean carrier signed a long term shipping contract with Reliance Industries for the transportation of liquefied ethane.
Hueneme CEO says port could offer relief valve for congestion.
Consensus shows better growth than other parts of world.
Analysts from IHS Maritime & Trade predict continued increases in fatal incidents in both the shipping and passenger sectors.