Carriers unveil Panama Canal transit surcharges for new year
Two major carriers have announced new Panama Canal surcharges on Asia-US east coast transits in ...
After nine years of construction, 130m tonnes of excavated spoil and 4.4m cu metres of concrete, the Panama Canal’s third set of locks will be inaugurated in June ? barring any further delays.
The mammoth US$5bn project expects to see the average capacity of containerships transiting the canal nearly triple, from 5,000 teu to 14,000 teu, ushering in a new post-panamax era for container shipping.
Industry debate on how the expansion will affect container supply chains largely centres on whether US east coast (USEC) ...
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