Wednesday, June 8, 2016

Two Alliances Will Upsize Ships Ahead of Panama Canal Expansion

Global Trade Magazine: "There are also physical restrictions that will prevent carriers from rushing in with the biggest ships, the most obvious being the ongoing project to raise the Bayonne Bridge that restricts access to the port of New York/New Jersey and is not expected to be completed until mid-2019. “As long as the Bayonne Bridge is not raised,” Drewry said, “it will not be possible for 13,000-TEO neo-Panamax containerships to operate from Asia to the U.S. East Coast.”"