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29 JUN 2026 MONDAY
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Today, the Panama Canal commemorates the tenth anniversary of the opening of its expanded waterway, a milestone that marked a turning point in the history of Panama and global trade. Ten years have passed since June 26, 2016, when the container ship COSCO Shipping Panama officially inaugurated the new Agua Clara and Cocolí Locks, ushering in a new era for global logistics. The Canal expansion represented the largest infrastructure project since the opening of the original Canal in 1914, generating tangible benefits for both Panama and the world. The expansion increased the Canal’s capacity, boosting revenues for the country and consolidating the Panama Canal as an essential platform for global trade. It has also strengthened the country’s competitiveness while creating new opportunities for economic growth, investment, and employment. During the first eight months of Fiscal Year 2026 (October 2025 through May 2026), 8,593 transits were recorded, of which 27.7% correspond to Neopanamax vessels, representing 2,385 transits. Additionally, as of May 2026, more than 31,000 transits had passed through the expanded locks since their inauguration. The expanded Canal now accounts for more than 50% of the total revenues generated by the interoceanic waterway. This performance has been made possible by the recovery of water levels in Gatun and Alhajuela lakes, allowing the Canal to maintain a safe, efficient, and reliable service for international trade. Milestones That Defined the Decade Throughout its first ten years of operation, the expanded Canal has reached significant milestones that reflect its transformation and its ability to serve new generations of vessels. On June 26, 2016, the inaugural transit of the COSCO Shipping Panama was completed, followed on June 27 by the Lycaste Peace, the first liquefied petroleum gas (LPG) vessel to transit the Canal. Shortly thereafter, on July 25, 2016, the Maran Gas Apollonia became the first liquefied natural gas (LNG) carrier to
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news Panama Canal Authority ·2026-06-26

Panama Canal Expansion: A Decade That Transformed the World

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