by Manal Barakat, SeaNewsEditor

The Panama Canal is set to initiate consultations with companies early next year regarding the launch of a tender for the construction and operation of two new ports within its zone.

This initiative is part of a broader expansion strategy to enhance services related to cargo handling, including transhipment and cargo storage.

Without providing details, Ricaurte Vasquez, head of the waterway, highlighted the significant demand for facilities and terminals during a recent conference.

The Panama Canal Authority has previously indicated plans to invest approximately USD 8.5 billion over the next five years to upgrade and expand its infrastructure.

A major project under consideration involves constructing a large dam to contain the Indio River, creating a new water reservoir.

July boosts boxship traffic

Meanwhile, ship traffic in the Canal increased in July ahead of the previous US tariff deadline.

According to a Lloyd’s List report, the Panama Canal saw a total of 1,012 transits in July 2025, an 8% increase from June.

The Neopanamax locks, primarily used by large container ships, recorded 299 transits, up 19% month-over-month, with container ships and very large gas carriers making up 87% of all Neopanamax transits.

The Panamax locks, used by smaller vessels, saw 713 transits, a 3% increase from June.

However, container ship traffic through these locks remains below pre-drought levels.