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Expanded Panama Canal's performance exceeds internal expectations
THE expanded Panama Canal's performance has exceeded internal forecasts, setting records, attracting 15 new liner services and transiting six neopanamaxes when estimates originally anticipated two to three in the first year.
More than five liquefied natural gas (LNG) vessels a week transited the canal, above the one a week forecast, reports the American Journal of Transportation.
The impact of the canal expansion has been reflected in the ports of the US east coast, which are at various stages of dredging navigation channels to meet the growing number of bigger ships transiting the canal.
As a result, it has been a record month for US east coast ports, including Charleston, up 28 per cent in cargo volumes; Philadelphia, up 34 per cent and Savannah, up 16 per cent.
By next month, the expanded canal will have received the first of the 13,000-plus TEU ships - part of one of the newly re-routed liner services to the canal - which will call in the ports of Virginia, Charleston, and Savannah and be the largest to ever reach these terminals.
More than five liquefied natural gas (LNG) vessels a week transited the canal, above the one a week forecast, reports the American Journal of Transportation.
The impact of the canal expansion has been reflected in the ports of the US east coast, which are at various stages of dredging navigation channels to meet the growing number of bigger ships transiting the canal.
As a result, it has been a record month for US east coast ports, including Charleston, up 28 per cent in cargo volumes; Philadelphia, up 34 per cent and Savannah, up 16 per cent.
By next month, the expanded canal will have received the first of the 13,000-plus TEU ships - part of one of the newly re-routed liner services to the canal - which will call in the ports of Virginia, Charleston, and Savannah and be the largest to ever reach these terminals.
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