Wednesday, April 20, 2016

Panama Canal threatens West Coast ports' regained market share "Wheeler said that initially the current strings of vessels with capacities up to 5,000 twenty-foot-equivalent units will be upgraded to about 8,000-TEUs. In late 2017 or shortly thereafter, when the Bayonne Bridge in New Jersey is raised and bigger ships can be accommodated at the largest East Coast port of New York and New Jersey, vessels of 10,000- to 12,000-TEU capacity will be introduced into all-water services through the Panama Canal, he said."