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Panama set for opening of canal expansion

Jun. 26, 2016 6:35 AM ETMatson, Inc. (MATX) StockALEX, OSGB, NAT, FRFHF, GOGL, TGP, KEX, DAC, ESEA, GSL, NMM, SB, SGLY, CMRE, MATX, EURN, PSHGBy: Yoel Minkoff, SA News Editor34 Comments
  • Panama officially opens an addition to its legendary sea canal today, capping a nine-year, $5.4B expansion project that will double shipping capacity and affect global trade routes.
  • A third lane has been added to the waterway that can accommodate a new generation of super cargo ships large enough to carry up to 14K containers, compared with around 5K currently.
  • Check out a time-lapse video of the construction here
  • Related tickers: MATX, KEX, CMRE, SSW, DAC, NMM, SINO, SB, DCIX, GOGL, ALEX, DAC, GSL, ESEA, EURN, NAT, OSGB, TGP

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