A post by @FirstSquawk on X.
PANAMA CANAL HEAD SAYS IT IS IN THE GLOBAL INTEREST THAT THE CANAL REMAINS A NEUTRAL WATERWAY, AND T…
@FirstSquawk on X
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The Panama Canal Authority said it is beginning planning for a third new terminal project to expand capacity, with shipping giants Maersk and MSC potentially participating in the bidding, according to remarks from the canal's head. The official also emphasized that it is in the global interest for the canal to remain a neutral waterway. The expansion signals a long-term push to add throughput at one of the world's most critical maritime chokepoints, where capacity constraints have repeatedly disrupted global trade flows. Details on the terminal's size, cost and timeline have yet to be disclosed. Watch for the authority to formalize the tender process and confirm which carriers submit bids.
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Named in this story
Panama Canal, Maersk, MSC