Global Trade Rebound Is Demonstrated by Increased Ship Traffic in the Panama Canal

Written by Roberta Souza

Published on 19/08/2020 at 14:20

Segundo levantamento da Fitch, mais de 3% do comércio marítimo do mundo todo passa pelo Canal do Panamá

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According to Fitch’s Survey, Over 3% of the World’s Maritime Trade Passes Through the Panama Canal

Global Rebound – the increase in vessel traffic in the Panama Canal signals a slow recovery of global trade, which has experienced sharp declines in recent months due to the Covid-19 pandemic.

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In July, a total of 933 vessels crossed the waterway, an increase of 10.5% compared to the previous month, which recorded the lowest traffic since the canal opened a set of locks to accommodate larger ships in 2016.

August also shows improvements in numbers, says Ilya Espino de Marotta, the canal administrator, in an interview with Bloomberg.

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What Is the Panama Canal?

The Panama Canal is an artificial waterway that connects the Atlantic and Pacific Oceans. Instead of vessels making the journey around the South American continent, which could take up to four weeks, they can cross from one side to the other in just 10 hours, traversing the approximately 80 kilometers of the canal.

Global Trade Rebound Is Demonstrated by Increased Ship Traffic in the Panama Canal

According to Fitch’s Survey, Over 3% of the World’s Maritime Trade Passes Through the Panama Canal

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What Is the Panama Canal?

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Global Trade Rebound Is Demonstrated by Increased Ship Traffic in the Panama Canal

According to Fitch’s Survey, Over 3% of the World’s Maritime Trade Passes Through the Panama Canal

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What Is the Panama Canal?

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

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