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First Suezmax oil tanker to transit Panama Canal

Friday, August 19, 2016

The first Suezmax crude oil tanker that was slated to go through the newly expanded Panama Canal began its transit on Thursday.

Suezmax-sized vessels, which can carry some 1 million barrels of oil, were unable to pass through the canal prior its expansion. The new canal may help open new trade routes for oil.

Source: Reuters