Friday, July 8, 2016

Panama Canal Update: New Locks, Bigger Ships

JDSupra: "Ports on the West Coast saw a shift to the Panama Canal during 2015 labor disruptions, but have since regained a lot of that business. Some of this container traffic may shift to the Panama Canal now that it can handle larger vessels. However, the new classes of vessels with a capacity of 18,000 TEUs will continue to use West coast ports and will be able to call at U.S. East coast ports via the Suez Canal when infrastructure improvement projects, such as the raising of the Bayonne Bridge between New Jersey and Staten Island, are completed."