Panama as a global logistics gateway- “the only port with two oceans”.
I was reading a report put out by Jones Lang LaSalle’ on how the expansion of the Panama Canal is “without a doubt a global game changer”. The report outlines the impact on US Industrial real estate. Highlights are that larger vessels can transit the canal once it is finished in 2014 realizing better economies of scale for both shippers and carriers. Trade routes will be reset as Asian markets gain better access. the bottom line is that Panama is positioning itself to evolve from a global transshipment point to become a global logistics hub.