Benefits of Panama Canal Expansion

The Panama Canal expansion will bring benefits to the country and for international maritime trade.

International trade has grown over the past five years, where carriers have increased thesize of ships to cut costs, handling more cargo volume.

There is a tendency for the growth of maritime trade to continue giving, therefore, shipping companies are sending manufacturing large ships (super post panamax and post panamax) to meet growing demand.

This forces the Panama Canal have dimensions not to pass one of these huge vessels to expand and continue provided services, which have been the source of the development of international maritime trade between many countries on all continents.

Not everything is rosy for the Panama Canal as happened this year 2008 the world seaborne trade had decreased due to the economic recession across the United Statesand is expected to continue declining in 2009.

The ports of Long Beach and Los Angeles have experienced a decrease in the percentage of

containerized cargo they had.

Projections say that by 2010 the world seaborne trade situation recovers.

Benefits of enlargement of the Panama Canal to international maritime trade

Importance of the Panama Canal on world trade

The Panama Canal with its unique location at the narrowest point between the Atlantic and the Pacific Ocean, has had a broad projections of economic and commercialdevelopments throughout most of this century.