The Panama Canal looks to shore up its "relevancy" on June 26, with the official opening of a new set of locks that will allow super-sized cargo ships to use the passageway between the Atlantic and Pacific oceans.
The Panama Canal Authority welcomes the first super-sized ship through the $5.4 billion deeper, wider set of locks on Sunday, which are expected to double the cargo capacity of the canal of the 100-year-old manmade shipping route.
The nine-year project to expand the canal is expected to shift and improve trade both to the United States and around the world, because larger ships will now be able to more easily travel between the Atlantic and Pacific, and was considered essential to keeping the canal relevant, representatives of the authority said...
[upi.com]
25/6/16
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The Panama Canal Authority welcomes the first super-sized ship through the $5.4 billion deeper, wider set of locks on Sunday, which are expected to double the cargo capacity of the canal of the 100-year-old manmade shipping route.
The nine-year project to expand the canal is expected to shift and improve trade both to the United States and around the world, because larger ships will now be able to more easily travel between the Atlantic and Pacific, and was considered essential to keeping the canal relevant, representatives of the authority said...
[upi.com]
25/6/16
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-
Related:
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