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
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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 improvements that will double the isthmus's capacity for carrying cargo between the Atlantic and Pacific oceans.
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