Monday, August 22, 2016

Panama Canal Expansion Expected to Expand Shipping from Asia to the East Coast: What Law Wll Govern if My Shipment is Lost?

Originally published by Jennifer Van Voorhis.

If you ship goods between Asia or South America and the United States, you are no doubt aware of the “Third Set of Locks Project,” which doubled the capacity of the Panama Canal by adding a new lane of traffic and increasing the width and depth of the existing lanes and locks, allowing larger ships to pass. The new Panamax ships are about one and a half times larger than the previous Panamax ships, and can carry over twice as much cargo.
The new expansion opened June 26, 2016 and the U.S. Eastern Seaboard, as well as the UK Ports of Southhampton and the Port of Liverpool, are gearing up and undertaking Port renovation projects to accommodate the size of the new Panamax ships. (If you drive in New Jersey, it’s the reason the Bayonne Bridge is closed every day after 3:00p.m.—the Port of NY/NJ is raising the roadbed an additional 64 feet to allow the larger vessels to pass underneath). The Ports of Jacksonville, Charleston, Savannah, and Miami have also invested…

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