Panama Opens Canal Expansion

Panama officially opened an addition to its fabled sea canal Sunday for a new generation of super cargo ships, capping a nine-year, $5.4 billion expansion project that will double shipping capacity and impact global trade routes.

Panamanian President Juan Carlos Varela unveiled the refurbished canal as the giant container ship Cosco Shipping Panama made its way through a string of locks on the 77-kilometer Isthmus of Panama. “This the route that unites the world,” Varela told a crowd of about 30,000 people who gathered to witness the inaugural trip through the vital waterway. Continue reading