The first thing you should know is that the Panama Canal represents the principal source of trade across the Pacific and Atlantic Oceans. Besides, it is an economic transit route for traders hoping to get their products to the other side of the world. This place is as important because of the exponential increase in daily traffic of large ships as those that transport oil, food and industrial materials. All of these are of vital importance for maritime trade around the world.
Learn about the importance of the Panama Canal and the reasons that make it so important in this blog!
Panama Canal: A Doorway to Opportunities
To begin with, the engineering behind the infrastructure of the Panama Canal is not only amazing, but it is also one of the most impressive and significant of the 20th century. The Panama Canal was built by hand by men brought from the West Indies to work on the structure. Its construction is not only important for engineering, but it also represented a significant technological advance for the country and marked the beginning of the economic and tourist drive.
During much of its operation, it depended on the United States, under operational and service criteria very different from those of international maritime trade. However, in the year 2000, it passed into the hands of the Panamanian administration and began to design its own operational profile.
How does it work today?
Although it seemed crazy before it was constructed, the Panama Canal is now of vital importance to all countries around the world. Especially for those in the Pacific area, which are also one of the most remote in the world.
The maritime route is one of the most profitable for international trade, that is why the Panama Canal was remodeled in 2016 to allow the passage of larger vessels and thus be able to increase the flow of ships and its capacity.
Currently, countries such as the United States, China, and Korea (major trading powers) use it to send their products to the Americas. Since its inauguration, more than 700,000 ships from these countries and others have passed through the sea passage because it is a safe, cheap, and fast route. The cost of the toll is minimal in contrast to what they would have to pay to take another maritime road that will always be slower, less secure, and more expensive.
Now that you know all this, are you interested in sending your merchandise through it? Contact us! We will give you the advice you need!