MV COSCO Shipping Panama in the middle chamber of the new Agua Clara locks on the Atlantic Side of the Panama Canal, June 26, 2016. Photo: Panama Canal Authority
Panama inaugurated the long-awaited Panama Canal expansion on Sunday with the ceremonial transit of the China Shipping Panama through the new neopanamax Agua Clara locks on the Atlantic side.
The $5.25 billion Expansion Program is the largest improvement project in the Canal’s 102-year history, and included the construction of new, larger locks on both the Pacific and the Atlantic sides and dredging of more than 150 million cubic meters of material, creating a second lane of traffic and doubling the capacity of the waterway.
Despite challenges facing the global shipping industry, the larger canal is anticipated to open up new routes, services, and market segments, such as liquefied natural gas (LNG).
Here are some photos of the inaugural transit:
Photo: Panama Canal AuthorityPhoto: Panama Canal AuthorityPhoto: Panama Canal AuthorityPhoto: Panama Canal AuthorityPhoto: Panama Canal AuthorityPhoto: Panama Canal AuthorityPhoto: Panama Canal AuthorityPhoto: Panama Canal AuthorityThe MV COSCO Shipping Panama in Gatun Lake. Photo: Panama Canal AuthorityThe MV COSCO Shipping Panama completing its inaugural transit in the new Pacific-facing Cocoli Locks, June 26, 2016.Photo: Panama Canal Authority
The Panama Canal expansion officially opened to commercial transits on Monday with the transit of the MV Passat and the LPG carrier Peace Lycaste.
The Panama Canal will reduce the number of available reservation slots and introduce new fees as part of a series of measures to sustain water levels and ensure reliability of...
By Gavin van Marle in Panama (The Loadstar) – Following a strong year in terms of growth in vessel transits, the Panama Canal Authority is once more turning its attention to...
The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven as Canal operations become more efficient, the Panama Canal Authority (ACP)...
December 4, 2017
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