Two years after the opening of the $5.4 billion larger locks, the Panama Canal has racked up a series of wins, from attracting services from the Suez Canal to seeing carriers deploy larger ships sooner than expected. And Administrator Jorge Quijano expects to attract more services away from the Suez Canal as ocean carriers look for cost-savings; the higher cost of fuel associated with the upcoming global low-sulfur rule can be reduced by taking the shorter route through the Panama Canal.
