The role of Panama Canal in global shipping. Issue 3 (15th September 2017)

• Record Type: Journal Article
• Authors: Wang, Mariner
• Is Part Of: Maritime business review. Volume 2:Issue 3(2017)
• Page Start: 247
• Page End: 260
• Publication Date: 2017-09-15
• Subjects: Intermodal transportation -- All-water service -- Double stack train -- New-Panamax vessels -- Post Panamax vessels -- Toll revenue; Shipping -- Periodicals; 387.5
• DOI: 10.1108/MABR-07-2017-0014
• Languages: English
• ISSNs: 2397-3757

Abstract

Abstract : Purpose: The purpose of this study is to find out the future development of the Panama Canal after opening of the new waterway (third set of locks project), in terms of the change of cargo throughput, further deployment of fleets by the shipping companies and competition for the canal. Design/methodology/approach: The research of this paper is based on an empiric study by collecting the relevant data from annual report of the Panama Canal Authority, publications related to the same field. Graphs pertaining to toll revenue also are made based on statistical data provided by the Panama Canal Authority. Findings: The findings show that the opening of the new waterway of the Panama Canal generates more toll revenue for Panama government by allowing mega-vessels to transit, expediting further economic development of the country largely from behind. At the same time, shipping operators also can enjoy earning more revenue by deploying New Panamax vessels transiting the Canal. Originality/value: Ingenuity in tabling the users of the Panama Canal by incorporating the logo marks of the shipping companies/implication is drawn through empirical analysis to provide the shipping companies and ports authorities concerned with more understanding toward the very significance of the new waterway expansion of the Panama Canal.