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June 27, 2018

Expanded Panama Canal traffic continues to grow since 2016 inauguration

In the two years since its inauguration, the Expanded Panama Canal continues to offer record growth across segments and rising trade opportunities around the world. To date, the Canal has transited 3,745 Neopanamax vessels, traffic that confirms the route's efficiency and the maritime industry's confidence in the Expanded Canal.

"Two years ago, we pledged to usher in a new era for world commerce," said Panama Canal Administrator Jorge L. Quijano. "Today, as we reflect upon our countless achievements and ever-expanding impact, we proudly reaffirm this commitment to the global maritime community."

The expanded canal set a new monthly tonnage record of 38.1 million tons (PC/UMS) in May 2018, the third such time the waterway has set a monthly tonnage record in the past two years.

The transit of the largest capacity container vessel to-date, the CMA CGM Theodore Roosevelt, with a Total TEU Allowance (TTA) of 14,863 TEUs was quite the milestone earlier this year.

Increased experience with the Neopanamax Locks and continued investment into its operations have allowed the waterway to provide additional capacity, flexibility and efficiency to shippers.

Source: Panama Canal