Due to the complexities of importing into the US, there are numerous benefits to working with a Miami customs broker. A Customs Broker is a licensed professional who coordinates the release of goods from customs upon entry into a country. In the US, brokers ensure...
While not common for someone who has never imported before, a shipper must understand what an ISF filing is. An Importer Security Filing (ISF), also known as a 10+2, is a form that has important information about a shipment. On the filing, importers must have...
Al realizar envíos internacionales de carga, es esencial comprender cómo manejar los envíos detenidos por aduanas. Un envío detenido puede interrumpir su cadena de suministro, incrementar los costos por demora y retrasar la distribución de productos. Para los...
Debido a la complejidad de importar mercancías a Estados Unidos, hay numerosos beneficios al trabajar con un agente de aduanas en Miami. Un agente de aduanas es un profesional con licencia que coordina la liberación de mercancías por parte de la aduana al ingresar a...
There was an article recently that showcased the Chief of the Panama Canal reflecting on the previous year after the expansion. Of the points he spoke about, he touched upon the $5.5 billion expansion and the results of the expansion.
The New Capacity – The canal added lane with longer/larger locks. These allow longer ships to move through as was previously not possible while also allowing smaller ships to pass through quicker.
The Big Ships – The OOCL France which is as long as the Eiffel Tower traversed the canal on May 24th and contained 13,926 TEU’s of Cargo. Disney’s Cruise Line moved with its 2700+ passengers through the canal on April 29th.
The Canal is a Shortcut – “The Canal is more competitive when oil is above $50 a barrel, above $55 it’s very competitive.” While as of writing today it is $46 per barrel, the competition to traverse the canal will only increase over time as oil prices dither constantly and are expected to rise even more in the next few months and years.
As ships have become larger and longer the expansion of the canal was a necessary step. There would only be so much time until someone made a better shortcut. While the investment hasn’t made its money back yet, it has cemented the Panama Canal as the definitive shortcut through the Americas.
We are always pushing to keep our pulse on the news of the industry and of the technology that is pushing our trade further. We can’t help but wonder in the next few decades if the canal will be as useful as it is today with the concepts of drone warehouses and solar powered vessels. What are your thoughts on the matter? Leave a comment below or give us a call and talk about it.
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