Panama Canal (By : Johanna)

The Panama Canal (Spanish: Canal de Panamá) is a 48-mile (77.1 km) ship canal in Panama that connects the Atlantic Ocean to the Pacific Ocean. The canal cuts across the Isthmus of Panama and is a key conduit for international maritime trade. There are locks at each end to lift ships up to Gatun Lake (26 m above sea-level). The Gatun Lake was used to reduce the amount of work required for a sea-level connection. The current locks are 33.5 m wide. A third, wider lane of locks is being built.

France began work on the canal in 1881, but had to stop because of engineering problems and high mortality due to disease. The United States later took over the project and took a decade to complete the canal in 1914, enabling ships to avoid the lengthy Cape Horn route around the southernmost tip of South America (via the Drake Passage) or to navigate the Strait of Magellan. One of the largest and most difficult engineering projects ever undertaken, the Panama Canal shortcut made it possible for ships to travel between the Atlantic and Pacific Oceans in half the time previously required. The shorter, faster, safer route to the US West Coast and to nations in and along the Pacific Ocean allowed those places to become more integrated with the world economy.

During this time, ownership of the territory that is now the Panama Canal was first Colombian, then French, and then American; the United States completed the construction. The canal was taken over in 1999 by the Panamanian government, as long planned. Annual traffic has risen from about 1,000 ships when the canal opened in 1914, to 14,702 vessels in 2008, the latter measuring a total of 309.6 million Panama Canal/Universal Measurement System  tons. By 2008, more than 815,000 vessels had passed through the canal, many of them much larger than the original planners could have envisioned; the largest ships that can transit the canal today are called Panamax. The American Society of Civil Engineers has named the Panama Canal one of the seven wonders of the modern world.

Efficiency and maintenance

Opponents to the 1977 Torrijos-Carter Treaties feared that efficiency and maintenance would suffer following the U.S. withdrawal from the Panama Canal Zone; however, this does not appear to have been the case. Capitalizing on practices developed during the American administration, canal operations are improving under Panamanian control. Canal Waters Time, the average time it takes a vessel to navigate the canal, including waiting time, is a key measure of efficiency; according to the ACP, since 2000, it has oscillated between 20 and 30 hours. The accident rate has also not changed appreciably in the past decade, varying between 10 and 30 accidents each year across approximately 14,000 total annual transits. An official accident is one in which a formal investigation is requested and conducted.

Increasing volumes of imports from Asia, which previously landed on U.S. West Coast ports, are now passing through the canal to the American East Coast. The total number of ocean-going transits increased from 11,725 in 2003 to 13,233 in 2007, falling to 12,855 in 2009. (The canal's fiscal year runs from October through September.) This has been coupled with a steady rise in average ship size and in the numbers of Panamax vessels passing through the canal, so that the total tonnage carried rose from 227.9 million PC/UMS tons in fiscal year 1999 to a record high of 312.9 million tons in 2007, falling to 299.1 million tons in 2009. Despite the reduction in total transits due to the negative impact of vessel size (e.g., the inability of large vessels to pass each other in the Gaillard Cut), this represents significant overall growth in canal capacity.

The Panama Canal Authority (ACP) has invested nearly US$1 billion in widening and modernizing the canal, with the aim of increasing capacity by 20%. The ACP cites a number of major improvements, including the widening and straightening of the Gaillard Cut to reduce restrictions on passing vessels, the deepening of the navigational channel in Gatun Lake to reduce draft restrictions and improve water supply, and the deepening of the Atlantic and Pacific entrances to the canal. This is supported by new equipment, such as a new drill barge and suction dredger, and an increase of the tug boat fleet by 20%. In addition, improvements have been made to the canal's operating machinery, including an increased and improved tug locomotive fleet, the replacement of more than 16 km of locomotive track, and new lock machinery controls. Improvements have been made to the traffic management system to allow more efficient control over ships in the canal.

In December 2010, record-breaking rains caused a 17-hour closure of the canal; this was the first closure since the United States invasion of Panama in 1989. The rains also caused an access road to the Centenario bridge to collapse.