Competitive advantages of the Panama Canal in the integration of transport between the Atlantic and the Pacific Ocean

Abstract

This project describes the conditions through which the Panama Canal has evolved and developed throughout time, and in particular, since the year 2016 with the implementation of the expansion of the Canal. Furthermore, we were able to identify the competitive advantages of the Panama Canal in the integration of transportation between the Atlantic and Pacific oceans, achieving a detailed description of the efficiency and competitiveness of the port. In addition, we analyzed the problems of the port within the general context of its socio-economic development. Its effects and how its infrastructure contributes to the operation of the Panamanian canal. In the development of the work, it was found that the Panama Canal has one of the most modern and competitive port terminals in the maritime market, which has generated growth in the maritime and logistics industries and at the same time has an increase in the economic activities of the country. Facilitating the commercialization of goods and services worldwide; likewise, the expansion of the Canal allowed the country to increase its competitive capacity thanks to the entry of larger ships such as the Neopanamax, which allows the transport of larger volumes of cargo, generating a reduction in costs, time and distance