Panama Canal

Military officials from 18 Latin American nations are meeting in Jacksonville to discuss the security of the Panama Canal.

It’s been a little more than a month since the first super-vessels made it through the newly expanded canal, but the future of trade in the region is uncertain.


Panama Canal Authority

The new, wider Panama Canal opened this month – and this week the disputes over its big cost overruns start getting settled -- in Miami, a fact that reflects South Florida’s growing international legal stature.

The expanded canal opened two years later than originally planned. A big reason was the legal fight over who should pay for the billions of dollars the project went over budget. The Panama Canal Authority? The European construction consortium? Or both?

Tim Padgett / WLRN.org

The wider Panama Canal opened two weeks ago – servicing more massive post-Panamax ships. On Saturday PortMiami received its first vessel of that kind from the Canal. And it may mean a new era for Miami as a world commercial hub.

The Chinese ship MOL Majesty measures almost a thousand feet long and 150 feet wide. Larger than any cargo ship PortMiami has ever seen. Post-Panamax ships like the Majesty can carry three times the cargo of ordinary vessels. And PortMiami was recently dredged down to 50 feet to accommodate them.

Moises Castillo / AP via Miami Herald

On Sunday morning, a 984-foot-long Chinese container vessel – aptly renamed Panama – became the first ship to enter the new, wider locks of the Panama Canal. The waterway’s $5.5 billion expansion ran over budget and almost two years behind schedule. But now that it can accommodate more massive, post-Panamax ships, it should be a boon to U.S. harbors like PortMiami.

The inauguration of a long-awaited Panama Canal expansion is underway.

The colorful ceremony celebrating the culmination of this $5 billion project has featured dancing flowers, dragons and a marching band. The first large cargo ship is making its way through the new portion of the waterway.

Tune into the action on this live stream:

Expanded Canal Opens In Panama

Jun 26, 2016
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Panama Canal Authority

The original version of this report was published on May 13 2014.

PortMiami has finally opened its new, billion-dollar tunnel. It’s the jewel of a $2 billion port makeover, which includes a major dredging project and skyscraper-size loading cranes for sending a lot more auto parts to Brazil and getting a lot more handbags from China.

But the long-term success of that effort may depend to a large extent on whether a quarrel gets solved a thousand miles to the south. In Panama.

Peter Nickalls / Flickr

This story originally ran on May 7, 2014  

Jorge Quijano has one of the coolest office views in the Americas: the Pacific port entrance to the Panama Canal. The panoramic vista seems to help Quijano, who heads the Panama Canal Authority, see the bigger picture.

On the one hand, Quijano understands why Panama has run the canal much more effectively than the United States did.

Today on WLRN-Miami Herald News, you heard:

  

    

ICCA

There’s never a shortage of unusual legal proceedings in Miami. It’s just that very few of them ever enhance the city’s image, as last month’s court hearings on Justin Bieber’s genitalia so charmingly reminded us.