Panama Canal sets sights on transshipment tied to new locks

Panama Canal sets sights on transshipment tied to new locks

The Panama Canal Authority is betting its future on more than a third set of massive new locks that can handle post-Panamax ships and attract more container services. It is counting on construction of a large new container terminal that will serve as a transshipment hub for North and South America and the creation of a new logistics zone along the canal that will attract assembly and light manufacturing activity.