PANAMA LARGER LOCKS OPEN

July, 2016

COSCO Panama 1st CrossingThe new, larger locks of the Panama Canal opened to great fanfare earlier this week.  It was a nine-year, $5.4B project.  The new locks were built to support growing trade and larger ships.  The new locks can accommodate ships up to 13,000 TEUs, which is more than three times the size previously offered.

The first ship, chosen via lottery, to make the crossing was the COSCO-China Shipping Panama.