"New Panamax" refers to the larger ships that can pass through the expanded Panama Canal, which was completed in 2016. These vessels are designed to carry more cargo than the original Panamax ships, with a maximum width of 50 meters and a length of 366 meters. This increase in size allows for greater efficiency in global shipping. The expansion of the Panama Canal has significantly impacted international trade by enabling larger cargo ships to travel between the Atlantic and Pacific Oceans. This has led to changes in shipping routes and increased capacity for transporting goods, benefiting economies worldwide.