The Panama Canals expansion, inaugurated in June 2016, introduced a new set of locks known as the Neopanamax locks to accommodate larger vessels and increase the canal capacity. These new locks are significantly larger than the original Panamax locks, allowing the canal to handle a greater volume of cargo. In terms of daily vessel capacity, the Panamax locks can handle approximately 34-36 transits per day, while the Neopanamax locks accommodate about 9-11 transits daily. This brings the canal total maximum sustainable capacity to around 38-40 vessels per day. Regarding containerized cargo, in fiscal year 2018, the Neopanamax locks facilitated the transit of approximately 40.95 million long tons, whereas the Panamax locks handled about 16.2 million long tons. This indicates that roughly 71.7% of the containerized cargo passed through the Neopanamax locks, with the remaining 28.3% transiting via the Panamax locks.These figures highlight the significant role the Neopanamax locks play in accommodating the majority of containerized cargo transiting the Panama Canal.
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