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Panama Canal fever sweeps globe again as new era in trade nears

New locks will slide open in June to receive traffic in deeper channels, doubling the capacity of the isthmus for carrying cargo between the Atlantic and Pacific oceans
Thursday, May 26, 2016 - 05:50

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The debut of the expanded Panama Canal coincides with a surge in US production of LNG, to be transported to export markets in massive tankers which can now be accommodated in the deeper channels.

New York

A CENTURY after transforming global markets, the Panama Canal is about to redraw world trade once again.

Nine years of construction work, at a cost of more than US$5 billion, have equipped the canal with a third set of locks and deeper navigation channels - crucial

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