Sunday, July 21, 2024

Logo Central America Link

Panama Canal will change nature of global trade

Monday, August 6, 2012

The nature of global trade is about to change.

The Panama Canal will soon have a third lane that can accommodate mega-ships nearly three times larger than any vessel that has ever transited the isthmus over the past century.

It might not seem like earth-shaking news. But the impact will ripple around the world, from shipyards in South Korea to highways in Texas to coalfields in Colombia and soy plantations in Brazil's northeast. Entire nations will see trade patterns shift.

Source: McClatchy Newspapers