Panama Canal launch pushed to second half of 2016

The launch of the new and expanded Panama Canal has been postponed numerous times. Now the commercial inauguration of the canal is scheduled for the second half of 2016, reports the Journal of Commerce.

Photo: RINA

The opening for ship traffic in the new and expanded Panama Canal, which has already been pushed back several times, is now not expected to take place until the second half of 2016, informed Francisco J. Miguez, deputy president of finance and administration at the Panama Canal Authority, at a conference in Atlanta, according to the Journal of Commerce.

The authorities most recently pointed to April or May as dates for the ceremonial inauguration of the expanded canal, which looks set to result in far-reaching consequences for the international shipping industry when it opens for business and, among other things, container ships of up to 14,000 teu - almost three times more than the current capacity allowed - will be able to sail through the canal.

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