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(From Business Line)
from BUSINESS LINE, August 21, 2006 August 15 is an important day for the maritime industry. The Panama Canal, world's second busiest canal after Suez Canal, was officially opened on August 15, 1914, with SS Ancon being the first ship to transit the 80-km waterway
Today, the canal, which connects the Atlantic and the Pacific Oceans through the Isthmus of Panama, may not be very significant for India's maritime industry. However, with increasing container volumes between India and the US, the canal is going to be the quickest and easiest transit for Indian maritime trade to the east and west coasts of the US, according to sources