On August 15, the Panama Canal reached 107 years as a facilitator of world trade. Since the transfer of the Canal to Panamanian hands, the waterway has boosted the country’s development, operating as a profitable and sustainable organization in the face of today’s changing world conditions.
Since its inauguration in 1914, the waterway has served as a shortcut for more than 1.1 million vessel transits, reducing distance, time and costs in the transportation of goods, while positively impacting the environment.
Our Green Route has contributed to reducing more than 830 million tons of carbon dioxide (CO2) by allowing ships to save fuel by traversing a shorter waterway, and by moving greater volumes of cargo since the start-up of the expanded Canal.
Reaffirming its commitment to sustainability, the Canal recognizes the importance of reducing the carbon footprint of its own operations, and this year announced its goal of becoming a carbon neutral organization by 2030.
With its expansion, the interoceanic waterway has consolidated Panama’s role as a point of connectivity, bringing together 180 maritime routes linking 1,920 ports in 170 countries.
The legal framework of the Panama Canal has allowed the waterway to continue operating profitably for the benefit of the country since its transfer at noon on December 31, 1999. Its management model guarantees its direct and indirect contributions to the country’s economic development.
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