Widened Panama Canal will start operating on June 26, by NextBigFuture.
Over 960 million cubic meters of cargo passed through the canal in 2015, a new record and an amount that Francisco Miguez of the ACP calls “the maximum we could do in the existing locks”. The expansion increases capacity to 1.7 billion cubic meters. The biggest container ships that could use the old canal, known as Panamaxes, can carry around 5,000 TEUs (20-foot equivalent units, or a standard shipping container). Neo-Panamaxes that will squeeze through the new locks can carry around 13,000 TEUs. The world’s largest ships have space for nearly 20,000 TEUs, the majority of the global fleet will now fit through the canal.
Cheaper shipping for goods!