Expansion of the Panama Canal: Wacker Neuson helping to change global shipping Since its original construction in 1914, the Panama Canal has been a source of high economic value and pride for Panamanians. The Canal gives passage to an estimated 15,000 vessels and 280 million tons of cargo annually. Despite the Canal running around the clock at 90 percent of its maximum capacity, the Panama Canal Authority (ACP) could not keep up with traffic and some ships had to wait several days for passage. Although the Canal's volume was impressive, the ACP projected that ship traffic would increase at an average of three percent per year. In order to support this increase, the Panama Canal expansion project was approved. The project's goal is designed to increase the Canal's efficiency and productivit

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