Panama Canal celebrates 100 years

Panama celebrated the 100th anniversary of its famous canal today with a ceremony and gala, even as it scrambled to make up lost time by enlarging it to maintain its competitiveness in the 21st century.
The canal, an engineering masterwork that transformed global commerce, opened on August 15, 1914, connecting the Atlantic and Pacific Oceans and saving ships the long, dangerous trip around South America.
Guests marking the anniversary soaked up the sun at the canal's Miraflores locks, singing "Happy Birthday" to the waterway and snapping pictures of a four-meter (13-foot) chocolate-cake replica of the locks as dancers performed traditional Panamanian numbers.

Chief administrator Jorge Quijano said it was just a normal work day for the canal, which handles five per cent of global maritime trade.
"Today is a regular day of operations because like every day an average of 35 ships will shorten the distance between the Atlantic and the Pacific," he said.
The Greek vessel Galini inaugurated the canal's second century, traveling the 80 kilometers from the Caribbean Sea to the Pacific, 100 years after the US steamship Ancon opened the waterway.

"There's not just one Ancon steamer for the centenary of the canal. There are many," said Quijano, who was later to host a VIP gala.

But Panama is battling to keep the canal relevant as it starts a new century.
The Suez Canal in Egypt has larger capacity, cutting into Panama's share of global shipping traffic, and recently launched construction on a USD 4-billion "new Suez Canal" running parallel to the original.
Closer to home, Nicaragua, which fought Panama more than a centry ago to host the first canal across Central America, has reemerged as a modern-day rival.
The country has launched plans for a USD 40-billion, Chinese-built canal that would be able to handle modern mega-freighters too big for the Panama Canal's current dimensions.

To fend off the competition, the Panama Canal is adding a third set of locks to nearly triple its capacity.
The USD 5.3-billion expansion will allow it to handle so-called "Post-Panamax" ships with a capacity of up to 15,000 containers, instead of the current maximum of 5,000.
But the project has been plagued by delays, strikes and a bitter dispute over USD 1.6 billion in cost overruns with the consortium of companies carrying out the upgrade.