{"id":13121,"date":"2020-06-03T21:16:27","date_gmt":"2020-06-03T21:16:27","guid":{"rendered":"https:\/\/www.glfcorp.com\/?p=13121"},"modified":"2021-01-09T10:22:21","modified_gmt":"2021-01-09T10:22:21","slug":"the-world-contribution-of-the-panama-canal-and-its-port-industry","status":"publish","type":"post","link":"https:\/\/www.glfcorp.com\/en\/the-world-contribution-of-the-panama-canal-and-its-port-industry\/","title":{"rendered":"The World Contribution of the Panama Canal and its Port Industry"},"content":{"rendered":"

The Panama Canal is an intersoceanic navigation way between the Caribbean sea and the Pacific ocean that crosses the Isthums of Panama in its narrowest point, whose length is 82 Km.<\/p>\n<\/div>

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The canal has managed to reduce maritime communication in time and distance, dynamizing the trade and economic exchange by providing a short transit route and relatively cheap, between the two oceans, decisively influencing in the patterns of the worldwide commerce, boosting the economy of developed and developing countries, as well as providing the basic impulse for the economic expansion of many remote regions of the world.<\/p>\n<\/div>

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The expansion project, after an intensive construction program (2009-2016), Cocoli and Agua Clara locks add to the operation of the Panama Canal, a third lane for the trasit of NeoPanamax ships.<\/p>\n<\/div>

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The expanded Canal favors the development of worldwide maritime commerce multiplying opportunities of connectivity and exchange between countries and markets. The container ships segment represents more than half of the transits through the expanded Canal, followed by tank gas carriers such as Liquefied Natural Gas (LNG) and Liquefied Petroleum Gas (LPG). They have also transit vessel tanks, bulk carriers, cruise ships and RO-RO vessels. Competitively, the accessibility offered by the Panama Canal joint all markets, mainly Asia, Europe, North and South America.<\/p>\n<\/div>

The main commercial routes with traffic in the Panama Canal are:<\/p>\n<\/div>