{"id":26430,"date":"2019-07-02T15:10:40","date_gmt":"2019-07-02T20:10:40","guid":{"rendered":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/?p=26430"},"modified":"2019-07-02T15:10:40","modified_gmt":"2019-07-02T20:10:40","slug":"three-years-expanded-panama-canal-continues-exceed-expectations","status":"publish","type":"post","link":"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/three-years-expanded-panama-canal-continues-exceed-expectations\/","title":{"rendered":"Three Years: Expanded Panama Canal Continues to Exceed Expectations"},"content":{"rendered":"<p><a href=\"https:\/\/youtu.be\/ygl_Cqx30IQ\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-26431\" src=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2019\/07\/canal-3-years.jpg\" alt=\"\" width=\"700\" height=\"479\" srcset=\"https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2019\/07\/canal-3-years.jpg 700w, https:\/\/panamaadvisoryinternationalgroup.com\/blog\/wp-content\/uploads\/2019\/07\/canal-3-years-300x205.jpg 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<p>On June 26, 2016, the Expanded Canal welcomed its first transit, marking the culmination of the largest enhancement project since the waterway\u2019s opening in 1914. Based off a decade\u2019s worth of planning, the Expansion stood as a tremendous feat of engineering. It also represented the Canal\u2019s commitment to a new era of global shipping. Three years and over 6,000 Neopanamax transits later, we celebrate the Expanded Canal\u2019s achievements today as it continues to exceed expectations for the maritime industry.<\/p>\n<p>Our team\u2019s increased experience with the Neopanamax Locks and continued investment into its operations have allowed the waterway to provide additional capacity and efficiency for shippers. This has enabled the team to continue reaching remarkable milestones over the past year across new and existing segments, such as transits by the first Q-Flex LNG tanker and the largest containership to-date, both just last month.<\/p>\n<p>The Expanded Canal has also reaffirmed the waterway\u2019s role as the Green Route of world maritime trade by offering greater cargo carrying capacity and requiring less cargo movements. As a result of shipping lines rerouting their services to take advantage of these economies of scale, the Neopanamax Locks have now led to the reduction of more than 55 million tons of CO2 since their inauguration. In combination with the Panamax Locks during the same period, the waterway has reduced more than 75 million tons of CO2, which is equivalent to the impact of more than 26 million acres of forests in the same timeframe.<\/p>\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f16536-o1\" lang=\"\" dir=\"ltr\" data-wpcf7-id=\"16536\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/26430#wpcf7-f16536-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"16536\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.6\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f16536-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/>\n<\/fieldset>\n<p><B><I>Sign Up for our Newsletter:<\/i><\/b>\n<\/p>\n<p>Your Name (required)\n<\/p>\n<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-name\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"text\" name=\"your-name\" \/><\/span>\n<\/p>\n<p>Your Email (required)\n<\/p>\n<p><span class=\"wpcf7-form-control-wrap\" data-name=\"your-email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email\" aria-required=\"true\" aria-invalid=\"false\" value=\"\" type=\"email\" name=\"your-email\" \/><\/span>\n<\/p>\n<p><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Send\" \/>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>On June 26, 2016, the Expanded Canal welcomed its first transit, marking the culmination of the largest enhancement<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[242,12,241,39,248,34,33,62,42,219,11,249,243,7,255,246,244,44],"class_list":["post-26430","post","type-post","status-publish","format-standard","hentry","category-news-articles-panama-perpsective","tag-boca-chica-real-estate","tag-boquete","tag-boquete-real-estate","tag-buenaventura","tag-casco","tag-casco-antiguo","tag-casco-viejo","tag-coffee-in-panama","tag-estate-homes-in-panama","tag-move-to-panama","tag-offshore-real-estate","tag-panama-offshore-real-estate","tag-panama-papers","tag-panama-real-estate","tag-panama-real-estate-bocas-del-toro","tag-relocate-to-panama","tag-rum-in-panama","tag-travel-to-panama"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ 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