Courtesy of Wikimedia Commons SS Ancon makes the first-ever transit through the Panama Canal in 1914. Photo courtesy of Wikimedia Commons Construction of the original canal. Related Links: Exclusive Interview With Owner Dramatic Digs Mark Panama Canal Expansion Global Talent Converges On Panama Canal Panama Canal Holds Visions Of New Growth Four International Teams Vie For Panama Canal Locks Job Its expansion will be over a year late, but nothing could delay the Panama Canal’s 100th birthday. Opened opened to world trade on August 15, 1914, with the passage of SS Ancon, the 80-kilometer waterway has registered over 1,055,000 transits
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.