Latin American Economy & Business - September 2016 (ISSN 1741-7430)
Panama: Is the wider canal paying its way?
On 26 June, after US$5.4bn worth of investment on a nine-year mega-construction project, the enlarged Panama Canal was opened to shipping. It can now accommodate the passage of larger container ships, with capacity for 13,000 twenty-foot equivalent units (TEUs), up from 5,000 before. Large tankers can also use it for the first time, including those shipping liquid natural gas (LNG).
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