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By the end of 2015, big “post-panamax” containerships, carrying almost three times the load of the ships that currently ply the canal, will finally have a clear, all-water shot from Shanghai or other Asian ports across the Pacific, through the isthmus, to the North American East Coast. It’s a game-changing development that stands to shake up trading around the globe, canal officials contend. It has already kicked up a furious competitive battle between ports on the Pacific and Atlantic sides ...

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