Opening of the Panama Canal locksSainmaco_admin
This is an event which probably has escaped the eyes of most traders because of its more obscure media coverage, especially in the Asian spectrum. However, make no mistake, the opening of the third set of locks of the Panama Canal signify a huge economic event for America and more importantly the world. With the opening of the Panama Canal locks, the port can expect to handle ships as much 2.6 times of the largest ones now being handled and the United States of America will be expecting more traffic to pass through the waterway. This will increase competitiveness of existing ports in New York, Galveston and Texas which can prove revitalizing to the maritime trade of the United States of America!