Panama Canal Vs. Suez Canal

The Egyptian Canal has an advantage over the Panamanian one not only in terms of its effectiveness in adapting to changes in the shipping industry, but also in the use of the opportunities that it creates for the logistics sector.

Wednesday, October 14, 2015

The speed with which Egypt has extended -12 months, at a cost of $8.2 billion- gives it an advantage over the Panama Canal, and it is enough to note Maersk's decision to stop using the latter route for the former.

An analysis of the issue by Ruben Arosemena Valdes, on highlights the will of the Egyptian government to take advantage of its Canal traffic, in order to develop commercial and logistics services in the area of ​​influence.

"... It is interesting to observe how the Egyptian government used the expansion to create new employment and development opportunities, and for that purpose, has created the Authority for the Development of the Suez Canal Zone."

"... Unlike Egypt, which is preparing for the development of a comprehensive area of ​​logistics, shipping services, industry, ship repair, maritime auxiliary services sector and trade, in Panama we have unfortunately fallen short on integration and focus on the logistics sector. "

Panama "... lacks an economic strategy to develop the adjacent area with an integrated master plan, along with studies on the new shipping, logistics and industrial services that could be developed successfully. After that we must pass legislation for tax incentives to attract companies wishing to use the new logistics platform to ship goods to the markets of Central and South America. "

More on this topic

The Challenges of the Panama Canal

September 2018

Increased cargo traffic, improving the availability of water for the passage of ships and construction of the rolling cargo port, are some of the challenges the authorities of the interoceanic route face for the coming years.

Representatives from the Panama Canal Authority reported that the levels of traffic currently being reported have already reached the figures expected to be reached in 2020.

Panama as a Distribution Hub for Chinese Products

December 2016

The Asian country believes that the improvement in the country's logistical conditions as a result of the Canal expansion, represents an opportunity to set up a distribution platform geared towards Latin America.

"... 'Panama already serves as a bridge, or as a window for the transit of Chinese goods into Latin America, and I think with the logistics development in Panama this role will increase more and will be made more use of by Chinese enterprises'" said the permanent representative at the Office of Chinese-Panamanian Business Development, Wang Weihua, according to

Logistics Congress in Honduras

April 2015

From 18 to May 20 Latin American companies in logistics sector will be meeting in Honduras to discuss issues on regional trade and business opportunities in the supply chain.

The 32nd edition of Alacat will be held on the premises of the Chamber of Commerce and Industry of Cortés (CCIC) and its main objective is to present "...

Business Between the Shipping Sectors of Peru and Panama

November 2011

A group of Panamanian companies has explored potential business deals with the Inca country’s shipping services, signing an agreement between the respective business associations

The Peruvian navy’s Industrial Service has won an international tender to build five hopper barges for the Panama Canal.