The current expansion of the Panama Canal, including a new Third Set of Locks is nearing completion. But the Panama Canal Authority is considering adding a fourth set of locks to accommodate super-sized ships including thoses capable of carrying more than 18,000 containers - four times more than current ships passing through the canal.
Construction of the new Expanded Panama Canal
“We are always analyzing the market, and as soon as we can economically justify it we will begin,” said Manuel Benitez, deputy administrator of the Panama Canal Authority, adding that he thinks the current expansion is sufficient for now. “If that changes and the demand exists we are ready to begin.”
