Feature, Freight News, Sea

Cosco ship is first Neopanamax

[ June 29, 2016   //   ]

The Cosco Shipping Panama opened the enlarged Panama Canal on 26 June and introduced a new term in the shipping lexicon – Neopanamax. Originally named Andronikos, the 9.472teu vessel was renamed in honour of the event and the almost 40,000 workers who made the Expansion a reality.

The expansion programme included new locks, creating a second lane of traffic and doubling the cargo capacity of the waterway.

The enlarged canal is expected to revolutionise transatlantic trade and could bring about new service patterns, such as from Asia to Europe via the west and east coasts of North America.

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