Container shipping lines are shifting more of their all-water services from Asia to the U.S. East Coast to the Suez Canal route, instead of sailing through the Panama Canal, to take advantage of lower slot costs they can realize on the big post-Panamax ships they are cascading onto the route from the Asia-Europe trade.
How much do you know about the Panama Canal? Did you know that a man once swam the length of the Canal and had to pay a toll of 36 cents while doing so? Did you know that TODAY (August 15, 2014) is the 100 year anniversary of the Panama Canal? That’s right, 100 years ago today, the Panama Canal began operations. #panamacanal