A new route connecting the Atlantic and Pacific Oceans opened 102 years ago. Since its opening more than 1,000,000 vessels have transited this eight kilometer long canal. The expansion works that concluded on the 26th of June 2016 effectively doubled the Canal's capacity through the construction of a third lane in conjunction with the deepening and widening of the existing navigational channels. This has already led to changes in the size of vessels using the canal, which ultimately means changes in port facilities in a global scale. Until ports upgrade their infrastructure, smaller vessels shall transship goods from these enormous vessels to hubs with shallower waters. With the Panama Canal expansion it is expected that a higher volume of goods shall be transported globally whilst providing access to markets in a more cost effective and less time consuming manner. Ultimately, the expansion will assist in maintaining Panama in a competitive position in global shipping, taking into account that the Nicaraguan government was considering building an isthmus similar to the new Panama Canal. The adjustment in fees transiting the Panama canal as well as the respective dynamic changes in logistics have already influenced freight calculation of global shippers.