Wednesday, August 30, 2017

Container shipping: Solid demand growth reduces spot rate volatility

Hellenic Shipping News Worldwide: "Moving forward, PANYNJ, should benefit from the early completion of the Bayonne Bridge navigational clearance project. With the new air draft of 215 feet (65.5m), ships up to 18,000 TEU will now be able to reach the terminal ‘behind’ the bridge (9,800 TEU was the maximum before the elevation). This will prompt carriers to optimise their networks once again, as most US East Coast ports have upgraded their terminals in recent years to accommodate the Ultra Large Containerships."

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