The Panama Canal, which connects more than 140 maritime routes and 1,700 ports in 160 countries, contributed US$1.8 billion to the treasury in 2020, another record figure since the inauguration of the expansion.

The expansion of the Panama Canal celebrated five years of operations this Saturday, since the new locks that allow the passage of larger ships were inaugurated in 2016, the interoceanic waterway reported.

The expansion strengthened “the competitiveness of the service offered by the Panama Canal,” brought “economies of scale,” and attracted new markets such as liquefied natural gas ships, the waterway explained in a statement.

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