As part of its canal expansion project, the Autoridad del Canal de Panamá (ACP) planned the construction of a third set of locks (which later were developed and became operational in 2016). With new and larger locks in place, larger vessels will be able to cross the Canal and demand for this trade route will rise.

Nathan Associates updated the decade-old forecasts for all dry bulk cargoes, including grains, coal, iron ore, and other dry bulks in order to evaluate future demand for Canal services, assess the need for expanding the Canal’s capacity, and evaluate the anticipated impacts of the completed expansion.