Impact Of Panama Canal Expansion On Shipping Industry

Panama Canal, completed in 1914, links the Pacific Ocean and Atlantic Ocean, which shorten 126 million kilometers between the two.The Panama Canal promotes the development of global shipping industry. There are 5% of the world shipping cargos through the Panama Canal, about 14 thousand. The Panama Canal is known as the "world bridge".With the development of world economy, the Panama Canal is facing serious adjustment, and it is necessary to expand the canal.The expansions will bring big impact on global shipping, and it could accelerate Large-scale Vessel.In further, the' division standard of ship will produce the epoch-making change again. Other, Post-Panamax container ships will operate in east coast, which will cause profound influence.For China, it is important to expand, for the functions between the trade in China and America, and between China and Latin America. The goods from east coast to China pass the Panama Canal basically, and the trades between China and Latin America are also through the Panama Canal.So it is necessary for Chinese companies to strengthen cooperation and communications with Panama government.