Panama Canal and US Reach Grain Shipments Agreement

The Panama Canal Authority and the United States have reached an agreement allowing for increased grain shipments through the iconic waterway, boosting maritime trade and economic growth.

The deal, announced on February 12, 2026, marks a major milestone in the ongoing efforts to modernize and expand the canal's capacity, which is expected to be completed by 2029. The new canal will boast a significant increase in capacity, capable of handling larger vessels and boosting overall throughput by 50%. This expansion project has been years in the making, with the ACP investing heavily in infrastructure development and improving services for shippers and cargo owners.