MisterTrade

Panama Canal: To widen or not to widen

If you’re interested in the Panama Cancel, there’s a story worth reading in the New York Times this morning on the proposed widening of the canal, which goes before a referendum next month.

If that referendum fails to pass, the implications are signficant for the global economy. The problem, of course, is that the newer ships — so called post-Panamax — can’t make it through. And bigger ships are on the way.

The Suez Canal is a widely used option for east-west trade but why I am slightly less than comfortable relying on a canal in the Middle East?

Posted under: International trade, China, Miami, Manufacturing, Maritime