Year End Remarks From The Panama Canal

By most accounts, 2016 was a year unlike any in recent memory. The year bore witness to tectonic shifts in the global landscape, creating uncertainties across all markets. We also saw market and trade growth decline, driven in part by declining commodity prices. In particular, the energy sector saw the most drastic change this year, which can be largely attributed to global oversupply.Perhaps most significant for those in the maritime community, was the industry downturn felt globally as a...

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