AMPLIACION DEL CANAL DE PANAMA PDF

As a canal that served more than maritime routes, connecting countries and reaching around 1, ports, this famous strip of water was struggling to accommodate all of its cargo traffic — especially larger ships. The Panama Canal Expansion Project was therefore carried out to double the capacity of the existing canal by adding a new lane of traffic, or third lock, allowing for more and larger ships to pass through the canal. Although the project started work in — and was supposed to open in August to coincide with the th year anniversary — due to some setbacks, the expanded canal began full commercial operation on 26 June For all intents and purposes, the expansion seems to have been a success: indeed, in March , the Panama Canal Authority officially stated that 3, New Panamax ships had crossed the canal expansion during its first 20 months of operation. Despite this, months after its opening there still remain many doubts over the running capacity and safety of the canal. The size of the lock chambers and the depth of the water in the Canal dictate the size of ships that can pass through.

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The revenue the canal brings is expected to double and function as a catalyst for regional trade in the long term. According to data from the Maersk Group , even before the expansion project, the Panama Canal was already one of the most important waterways in the world, serving 12, vessels per year and connecting maritime routes and countries. Moreno explained that the new volumes of cargo that will travel the canal will multiply throughout the Americas and bring about profound changes in the logistics chain.

The report from the Maersk Group argues that the Panama Canal Expansion will provide better economies of scale, improved transit times, and lower costs of shipping. It will also alter trade lanes, the greatest benefit of which is expected to be seen on the west coast of Latin America, as the canal is a strategic route for trade with Europe and Asia. Many ports in the region have already made the necessary investment in infrastructure to handle these changes.

This webpage compares the differences in draft, length, and width of the old and new Panama Canal locks. This expansion is the largest-scale work that has been undertaken on the canal since its construction years ago.

The kilometer long canal allows ships to pass between the Pacific Ocean and the Caribbean Sea, saving more than 8, km from Ecuador to Europe versus traveling round the southern tip of South America, Cape Horn, a route which can only be used five months of the year due to weather conditions. This means, for example, that Ecuadorian bananas will reach markets in Europe and Asia faster than ever. Fruit, fish, and refrigerated products from all over Latin America require special treatment to stay fresh throughout the trip.

The expanded canal, along with evolving technology in temperature-controlled containers offer more attractive conditions for exporters, as they allow them to guarantee the quality of their product and reach new markets.

Barbero said. The ports of South America are also in a race to expand. Global trade is at its lowest point in decades , so it will be hard for the region to reap all the benefits of the Panama Canal Expansion until demand picks up again. However, the project has been an incentive for much-needed investment in infrastructure in the Americas: when trade improves, the continent will be ready to handle it.

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Panama Canal expansion project

The revenue the canal brings is expected to double and function as a catalyst for regional trade in the long term. According to data from the Maersk Group , even before the expansion project, the Panama Canal was already one of the most important waterways in the world, serving 12, vessels per year and connecting maritime routes and countries. Moreno explained that the new volumes of cargo that will travel the canal will multiply throughout the Americas and bring about profound changes in the logistics chain. The report from the Maersk Group argues that the Panama Canal Expansion will provide better economies of scale, improved transit times, and lower costs of shipping.

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Big Engineering – The Panama Canal Extension: Success or Failure?

The new ships, called New Panamax , are about one and a half times the previous Panamax size and can carry over twice as much cargo. The expanded canal began commercial operation on 26 June A national referendum approved the proposal by a The project formally began in

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