Friday, May 20, 2016

Panama Canal: June 26 or Bust

Business Facilities: "Ports from Halifax in Canada to Brownsville, TX (and everywhere in between) have been upgrading for several years to be ready to greet the Post-Panamax ships. The Port of Virginia and the Port of Baltimore met the requirements well over a year ago; several other ports are racing to be ready by the middle of next year, when shipping through the Canal is expected to surge to an annual rate of more than 360 million tons. The Port Authority of NY and NJ, which operates one of the nation’s busiest ports, is working non-stop to complete a project to raise the Bayonne Bridge to a height that will permit Post-Panamax vessels to travel under it."