“I took the Canal Zone and let Congress debate; and while the debate goes on, the canal does also.” – Theodore Roosevelt
The Panama Canal is one of the busiest waterways in the world. It sees significant daily shipping traffic; moving 6% of the global commerce, the Panama Canal will continue to expand to allow growth.
The 5.4 billion dollar expansion of the Panama Canal was completed June 26, 2016, and is expected to largely decrease the instances of bottlenecks, lower than average transit times by raising capacity and allow for the transit of Post-Panamax vessels. The expansion is one of the most important infrastructure projects for logistics in over a century.