More than 95% of the imports of U.S arrive by ship. According to the information provided by the U.S department of transportation, global foreign trade has increased by 35%. To accommodate the increased volume of goods, shipbuilders are making larger ship. To accommodate such large ship, Panama City decided to expand the Panama Canal port. The Panama Canal connects the Caribbean Sea to the Pacific Ocean. This canal is the main source of income for the Republic of Panama. The port faces competition from U.S ports and Suez Canal Port. The ports along the eastern cost of U.S are ...
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