Cosco Shipping Panama starts inaugural transit through expanded Canal

Cosco Shipping Panama starts inicial transit
  • Cosco Shipping Panama starts inicial transit
  • Canal de Panamá

PANAMA CITY.- This container ship with capacity of 9,472 TEUS and constructed by Hyundai Samho Heavy metal, also created new sluices valves, set sail from Piraeus port in Greece last june 11 and last April 29 was chosen to make the inaugural traffic.

Official sunday activities includes a musical spectacle in the new sluices for 5.000 spectators who will be able to be in Agua Clara area and 15.000 in Cocolí sluices, where it will be the central act with a dozen officials guest and the Panamanian authorities, besides activities and artists presentations in other points across the Country and Panama City.

The Neopanamax vessels are much bigger than the Panamax-class ships that previously were the largest able to pass through the 80-kilometer (50-mile) long canal. Each is able to haul three times as much cargo as the smaller predecessors.

The expansion work began in 2007 and was meant to have been completed in 2014, but it ran well past deadline, and over budget.

The expansion is estimated to have cost $5.5 billion. However, outstanding disputes between the Spanish- and Italian-led consortium that carried out the work and the Panamanian government could yet hike that figure by hundreds of millions more.


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