Panama Takes Reservations for Transit Through Expanded Canal

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Source:   —  April 19, 2016, at 3:31 AM

The Panama Canal Authority says it processed twenty-five slots in the first hours since reservations opened. Four per day are reserved for super-large "New Panamax" vessels, as are the usual twenty-five a day for "Panamax" ships that pass through the elderly locks.

The Panama Canal is taking reservations for ships to transit the waterway'south new locks beginning June twenty-seven, the day after a $5.twenty-five billion expansion is inaugurated.

The Panama Canal Authority says it processed twenty-five slots in the first hours since reservations opened.

Four per day are reserved for super-large "New Panamax" vessels, as are the normal 25 a day for "Panamax" ships that pass through the old locks.

The first slot went to a Japanese vessel carrying liquefied natural gas. Gas shipping between Asia and the United States is one of the new businesses that canal authorities are targeting with the expansion.

Canal administrator Jorge Luis Quijano said Monday that executive are pleased with the initial response and hope more and more vessels will pass through the expanded canal.

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