Panama Canal Expansion

After a decade of theorising and debate, the reality of how Panama Canal expansion will impact shipping is finally at hand.

The ‘neo-Panamax’ era is about to begin, and it is increasingly obvious that the shipping effects will be far more acute in some sectors than in others. In the container shipping market, major changes are already afoot. Liner operators are upgraded their vessels immediately to take advantage of the expanded locks. In other sectors, such as LNG and LPG, the use of the expanded Panama Canal – or the decision to bypass it – will be driven by cargo interests, not vessel operators.

News & Analysis

06 Jun 2017
In the 11 months since the debut of Panama Canal’s larger locks, demand for ‘neo-Panamax’ transit slots has been higher than expected, driven by LPG cargoes from the United States to Asia and a rapid upsizing of container ships.
20 Oct 2016
The Caribbean has had little difficulty handling the larger vessels calling since the expanded Panama Canal opened in June. The next test comes in 2017, when container lines unveil major changes to their regional networks.  
Hyundai Mars was ordered in December 2013
08 Jul 2016
South Korea's Hyundai Merchant Marine is set to deploy 10,000 teu ships to its Far East-US East Coast routes, after taking delivery of six 10,055 teu ships from Zodiac Maritime.
A Maersk Line vessel passes through the Panama Canal
27 Jun 2016
Maersk Line, the container shipping unit in the A.P. Moller-Maersk (APM) group of Copenhagen, said that it would send more vessels and that they would be larger than so far through the expanded Panama Canal, which opened for business yesterday.
Panama Canal
26 Jun 2016
IHS Maritime & Trade’s AIS Live data indicate that, among the key vessel types, there have been more than 400 fewer transits of the Panama Canal from the start of 2016 to the end of May than in the same period in 2015.    
03 Jun 2016
Bulkers and tankers are expected to see an evolution – not a revolution – in their deployment patterns after the expanded Panama Canal debuts.