Billion dollar challenge for ship operators and insurers as Panama Canal expands

05.08.2014
 
  • 100 year expansion plans for iconic waterway pose new challenges for maritime industry
  • Increased traffic and larger ships may raise insured cargo values by over $1 billion a day, growing accumulation risk along canal system and feeder ports
  • Improving safety record will be tested by heightened risk environment during opening phase of expansion

See AGCS website