The Panama canal
Between the Caribbean Sea and the Pacific Ocean that crosses the Isthmus of Panama is one of the wonders of the modern world, one of the greatest achievements of engineering in history that has changed the dynamics of global logistics: The Panama Canal.
Its origin dates back to the sixteenth century when the visionary monarchs Carlos I of Spain, and Carlos V of Germany in 1534 signed a decree that led to the first study for the construction of a route between both oceans, after the explorer Vasco Núñez de Balboa two decades before crossing the Isthmus, and noticing the short distance that separated the Atlantic from the Pacific.
More than three centuries later, the United States, and France, following the California gold rush; retook the idea. France lasted almost 20 years from 1880 in its attempt to build the Canal, but after many failures and obstacles sold the construction rights to the United States, which managed to successfully complete the construction of this technological marvel that unites both oceans in just 10 years.
Under the Hay-Burnau-Varilla Treaty of 1903, after the separation of Panama, and Colombia; the United States obtained perpetual rights over the Canal. Later, after the 1977 agreements of Torrijos-Carter, it was established that Panama would assume control from December 31, 1999. As of this date, the Canal is in full sovereignty of Panama, a country that proceeded to expand it in 2014.
The Panama Canal has more than a century since it began operations, and through it passes more than 6% of the world's maritime trade. This 80Km interoceanic navigation route that redefined global trade routes has had a positive impact on the global economy.
Large ships with the length of more than three soccer fields cross through their 1,400-foot-long locks, which is enough space to place the Empire State Building of New York, United States.
On average, 5.9 ships transit the Canal per day, passing mainly vessels that go from China, Japan, and South Korea to the east coast of North América or from South America to Europe.
The Panama Canal has been one of the most ambitious engineering works of all times, whose construction had a transforming effect from different angles on the entire planet, and represents a revolution in global trade history by allowing through logistics savings time, and money in a world that uses the seas to transport most of its cargo.
*** SPANISH VERSION ***
El Canal de Panamá
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