Expanded Panama Canal set to open June 26

© 2015 Canalmuseum.com
© 2015 Canalmuseum.com

The expansion of the Panama Canal, a $5.3 billion project almost two years behind schedule and plagued by cost overruns and contractor disputes, will open on June 26, according to Canal Authority Administrator Jorge Quijano.

The expansion may shift international trade routes, allowing ships to reach Asia from the U.S. Gulf Coast more than two weeks faster than they would going east through the Suez Canal. It’ll make room for vessels with the capacity to carry 12,600 containers, almost three times what the existing locks permit, and will be able to handle tankers carrying liquefied natural gas.

The Canal project has been a major force in driving US port improvement projects to accommodate the larger ships.

 

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