The Egyptian government plans a $3 billion investment in rail facilities that will compete with the Suez Canal. While most likely to meet regional rather than global multimodal needs it is another form of competition the Canal could do without. While it has outpaced the Panama Canal for transits recently – up 4% in the past 12 months vs. 3% for Panama – the latter has seen a faster growth in volumes due its widening. Panama is, however, facing slowing traffic growth and may compete more aggressively in the future. China’s belt-and-road rail links are also increasingly comp...