The Panama Canal push boat Chame II was pulled from the water at about 5:50 p.m. on Saturday afternoon in an operation that took 19 hours and 45 minutes.
The vessel sank outside the navigation channel near Miralores Locks late Friday night.
Once positive flotation was achieved the boat was towed to the Dredging Division in Gamboa for repairs. The floating crane Titan was responsible for the main part of the rescue in which technical personnel divers and maritime authorities of the Canal also took part.
Dalila Rodriguez boat operator remains in stable condition under medical supervision after her rescue at the site.
The Chame II was helping transport a drill boat to a dredge site along with another tug when the accident occurred. The cause of the accident remains under investigation.