# Expanded Panama Canal – positive impact on regional trade

> The expanded Panama Canal, which opened in June 2016 at a cost of about USD5.3 billion, is said to be already affecting global and regional trade. The article recounts the inaugural transit by the COSCO Shipping Panama.

- Date: 2017-03-01 · published 2017-03-01T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/71887-expanded-panama-canal-positive-impact-on-regional-trade
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Shorter routes via the expanded canal can reduce shipping costs for US grain exports to Asia and South America, a modest bearish factor for freight.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- portsidecaribbean.com: https://portsidecaribbean.com/development/expanded-panama-canal-positive-impact-on-regional-trade/

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