As work on the expansion project progresses, the Panama Canal Authority (ACP) continues to modernize and upgrade the existing waterway, resulting in streamlined operations and increased capacity. Recent modernizations, valued at $320m, include an improved lighting system in the Canal’s locks; a new track and turntable system; the acquisition of five new tugboats; an additional tie-up station; and, the replacement and reconstruction of the ACP’s launch fleet. According to the ACP…