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.
04 May 2016
APM Terminals, Terminal Link, Terminal Investments Ltd, and PSA International have pre-qualified for bidding on Panama’s proposed Corozal container terminal. Three other interested parties – Mitsui OSK Lines, Manzanillo International Terminal, and Ports America – failed to make the cut.
Panama Canal's Miraflores locks
29 Apr 2016
Claims by the International Transport Workers’ Federation (ITF) at a press conference in Panama City that new locks built for the Panama Canal expansion will be unsafe in operation have been strongly rejected by the Panama Canal Authority (ACP).
March 2016 - second island taking shape; credit: Boskalis
15 Apr 2016
With work underway on a second offshore island, Boskalis Panama is well positioned for even more projects within the country and the surrounding region, reports Michele Labrut
MIT recently completed its expansion; credit: MIT
15 Apr 2016
Following major infrastructure investments, Panama’s ports are gearing up to reap the benefits of the expanded canal, reports Michele Labrut
ACP dredging head Rolando Gordon; credit: Michele Labrut
15 Apr 2016
The Panama Canal Authority’s dredging initiatives extend well beyond its historic expansion plan, reports Michele Labrut. Part of the forthcoming Panama special feature in IHS Dredging and Port Construction magazine