On August 15, 1914, a steamship called the S.S. Ancon began navigating its way through the 50-mile-long Panama Canal that would soon become the maritime world’s most famous shortcut. The Canal opened its giant miter gates that day, and global commerce has grown ever since.
Today, Panama, because of globalization, the Canal, and its ideal and strategic location, is booming. The country is steadily becoming the transportation and logistics hub of the Americas. And the Panama Canal sits at the center of this boom. Every year, more than five percent of the world’s trade transits the Panama Canal. By 2010, the Canal expects that it will celebrate its one-millionth transit.
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