# Panama Canal Expansion: Locks and Load - Inbound Logistics

> The expanded Panama Canal, inaugurated in June 2016 after a nine-year, $5.25 billion project, added new locks that roughly double cargo capacity. The first Neopanamax ship transited the new locks carrying cargo bound for Asia.

- Date: 2016-12-29 · published 2016-12-29T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/73364-panama-canal-expansion-locks-and-load-inbound-logistics
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Larger vessels able to pass the canal lower per-tonne freight costs on US Gulf and Pacific Northwest grain and oilseed shipments to Asia and Latin America. This can narrow export basis spreads over time.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- inboundlogistics.com: https://www.inboundlogistics.com/articles/panama-canal-expansion-locks-and-load/

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