Panama Canal
France began work on the canal in 1881, but stopped due to engineering problems and a high worker mortality rate. The United States took over the project in 1904 and opened the canal on August 15, 1914. One of the largest and most difficult engineering projects ever undertaken, the Panama Canal shortcut greatly reduced the time for ships to travel between the Atlantic and Pacific Oceans, enabling them to avoid the lengthy, hazardous Cape Horn route around the southernmost tip of South America via the Drake Passage or Strait of Magellan.
Panamax
On October 22, 2006, the Panama Canal Authority (with the support of the Electoral Tribunal) held a referendum for Panamanian citizens to vote on the Panama Canal expansion project. The expansion was approved by a wide margin, with support from about 78% of the electorate. Construction began in 2007, and after several delays, the new locks opened for commercial traffic on 26 June 2016.
The plans to build another set of larger locks led to the creation of the Neopanamax or New Panamax ship classification, based on the new locks' dimensions of in length, in beam, and in depth. Naval architects and civil engineers began taking into account these dimensions for container ships. With the new locks, the Panama Canal is able to handle vessels with overall length of 366 m (1201 feet), 49 meters beam and 15.2 meters draft. and cargo capacity up to ; previously, it could only handle vessels up to about . The Neopanamax standard accommodates ships up to 120,000 DWT.