Panama opens expanded canal to supersize ships
Third shipping lane, which cost at least US$5.5b, can cater to Neopanamax freighters
Panama City
PANAMA on Sunday declared its century-old canal open to a new generation of gigantic cargo ships after years of massive expansion works aimed at profiting from burgeoning US-Asia trade.
A giant Chinese-chartered freighter, baptised Cosco Shipping Panama especially for the occasion, made its way along the 80-kilometre waterway linking the Atlantic and Pacific oceans.
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Transport & Logistics
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