Getting your player ready...
COCOLI, Panama — For now, the future of global shipping is little more than a hole in the ground in Panama, just a short way from the Pacific Ocean.
About a mile long, several hundred feet wide and more than 100 feet deep, the excavation is an initial step in the building of a larger set of locks for the Panama Canal that should double the amount of goods that can pass through it each year.
The $5.25 billion project, scheduled for completion in 2014, is the first expansion in the history of the century-old shortcut between the Atlantic and Pacific.
