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Panama aims to redraw world trade again

Thursday, May 26, 2016

A century after transforming global markets, the Panama Canal is about to redraw world trade once again.

Nine years of construction work, at a cost of more than $5 billion, have equipped the canal with a third set of locks and deeper navigation channels, crucial improvements that will double the isthmus’s capacity for carrying cargo between the Atlantic and Pacific oceans.

Source: Bloomberg