Business and Finance

EXPANDED PANAMA CANAL OPEN FOR NEOPANAMAX VESSELS

In August the Panama Canal reached its second month of full operations. According to estimates from the Panama Canal Author-ity (ACP) more than 230 cruise ships are ex-pected to transit the canal during the 2016-2017 cruise season which started on October 4 2016 and ends in April 2017. ACP also said more than 140 Neopanamax vessels passed through the recently opened canal adding transits increase daily. ACP said that as of August 360 reservations were received for the expanded canal.