On August 15, the Panama Canal marked 111 years of operations, renewing its commitment to a sustainable future through a water strategy focused on public well-being and an operational vision that enhances
On August 15, the Panama Canal marked 111 years of operations, renewing its commitment to a sustainable future through a water strategy focused on public well-being and an operational vision that enhances the country’s logistical competitiveness.
Since the waterway’s inauguration in 1914, with the historic transit of the steamship Ancón, which, for the first time, connected the Pacific and Atlantic Oceans, the canal has been a driver of Panama’s economic and social development while also a transformer of global maritime trade.
“In 25 years under Panamanian administration, the canal has doubled its capacity, expanded its locks, and strengthened its security. It has grown from being a strategic passage to a model of efficiency, transparency, and technical commitment. Every dollar generated is reinvested to ensure this artery continues to beat in service to the world while any surplus is contributed towards Panama’s social development,” said Canal Administrator Ricaurte Vásquez Morales.
The Panama Canal maintains a robust sustainability strategy with a strong focus on decarbonization and climate change adaptation. In line with the IMO’s target, it has pledged to achieve carbon neutrality by 2050.
Key actions include specific emission reduction goals and the acquisition of 10 tugboats with hybrid propulsion systems. The
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