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Expansion of the Panama Canal benefits global trade

It seems like just the other day that the expansion of the canal, and whether that gamble would pay off, was the top news in logistics. But fast forward a few years and now the 6,000th new Panamax (or Neo-Panamax) ship passed through the canal in April. It appears that Panama’s big bet that promised to keep the Canal and the country competitive with other shipping routes is doing just that. In fact, the Panama Canal now accounts for around 12 percent of the country’s economy.

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