# Panama Canal Chief Looks Back on the First Year of the Big Ship Era - TT

> The Panama Canal expansion marked its first anniversary on June 26, 2017, with five NeoPanamax vessels transiting the new locks that day. Canal Administrator Jorge Quijano said three ships of more than 13,000 TEUs had transited in the past five weeks, earlier than expected. He called the transits evidence of shipping industry confidence in the expanded canal.

- Date: 2017-07-05 · published 2017-07-05T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/69845-panama-canal-chief-looks-back-on-the-first-year-of-the-big-ship-era-tt
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

A larger canal lowers shipping costs and expands capacity for US-Asia container and bulk trade, which can ease freight costs for exporters. The effect on feed grain prices is modest.

## Read by commodity

- OCEANFRT: neutral

## Sources

- ttnews.com: https://www.ttnews.com/articles/panama-canal-chief-looks-back-first-year-big-ship-era

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.