Panama Canal expansion is adding to its success

More than 1,600 neo-Panamax1 ships have passed through the expanded Panama Canal since its opening in June of last year.

Some 82 percent have been container or liquefied natural and petroleum gas vessels. The number of neo-Panamax ships calling on Eastern ports is expected to increase now that the clearing height of the Bayonne Bridge in New York has been raised. Analysts noted that this was a critical milestone because economies of scale for shipping companies are maximized as larger vessels have access to the East Coast’s largest port.

Source: Logistics Management