1 MINUTE AGO: The Panama Canal Has Just Been Closed Down & Something TERRIFYING Has Emerged!

1 MINUTE AGO: The Panama Canal Has Just Been Closed Down & Something TERRIFYING Has Emerged!

extreme drought in Panama is forcing authorities to substantially scale back shipping through the Panama Canal the inter Oceanic Corridor is a colossal project underway in Mexico that’s stirring up the Waters of global Maritime trade as the Panama Canal a historic shortcut Bridging the Atlantic and Pacific faces the harsh reality of climate change induced droughts the spotlight shifts to this ambitious Venture will it rewrite the maritime roots of the future or is it just another Ripple in the vast ocean of global trade what implications will this project have on the Dynamics of international Commerce and geopolitics join us as we consider how this will kill the Panama Canal unlocking the ismos in 1534 a significant event unfolded in history concerning the ismos of Panama Charles I the Holy Roman Emperor and also the king of Spain initiated a survey this survey aimed to chart a potential Canal route through the Americas the objective was to streamline Maritime travel between Spain and Peru at its core this endeavor was driven by Spain’s ambition to outmaneuver the Portuguese thus gaining a strategic military Edge Panama’s strategic significance and the tantalizing Prospect of its slender ismus bridging two vast oceans spurred various attempts to establish trade Connections in the region over time one such such Venture was the ill-fated Darian scheme initiated by the kingdom of Scotland in 1698 the ambitious aim was to create an Overland trade route however the unforgiving and challenging terrain posed insurmountable obstacles leading to the scheme’s eventual abandonment in April 1700 in 1788 Americans proposed to the Spanish that they undertake the construction of the canal given their control over the colonies where it would be situated they argued that this route would offer safer passage for ships compared to navigating around the southern tip of South America furthermore they suggested that tropical ocean currents would naturally broaden the canal after its completion alesandro malaspina furthered these discussions during his expedition from 1788 to 1793 outlining detailed plans for the Canal’s construction during the late 1700s and early 1800s several countries embarked on Canal building projects one notable achievement was the Eerie Canal cutting through Central New York in the 1820s showcasing the potential of such waterways concurrently the crumbling of the Spanish Empire in Latin America peaked American curiosity about constructing an inter Oceanic canal in 1826 us officials initiated talks with grand Colombia encompassing present-day Colombia Venezuela Ecuador and Panama aiming to secure permission to undertake this Monumental Canal Endeavor president Simon bolvar and new Granada officials wary of potential Domination by the formidable United States and Keen to safeguard their hardw independence turned down American offers however following the dissolution of grand Colombia new Granada found itself ens snared in a web of instability plagued by persistent government Intrigue and uncertainty in 1843 Great Britain embarked on an ambitious venture to construct a canal as reported by the New York Daily Tribune on August 24th 1843 bearings Bank of London and the Republic of new Grenada signed a contract for the development of a canal across the ismus of Daren also known as the ismus of Panama dubbed the Atlantic and Pacific Canal this project was solely british-backed initially slated for completion within 5 years the plan ultimately fizzled out without realiz ation around the same period alternative proposals emerged including the notion of a canal spanning Mexico’s ismos of tantek however this idea also failed to materialize in 1846 the Malino bidac treaty was struck between the US and new Granada this agreement granted the United States Transit rights and the authority to intervene militarily in the ismos fast forward to 1848 when the gold rushan California ignited fresh enthusiasm for a canal Bridging the Atlantic and Pacific Oceans the Overland route through Panama quickly became a popular choice offering one of the swiftest links between San Francisco California and the cities on the East Coast with a total Transit time of approximately 40 days this route became the primary pathway for shipping the vast quantities of gold flowing out of California to meet the demand numerous new and larger paddle steamers began navigating this route with some private steamship lines like those operated by American Tycoon Cornelius Vanderbilt opting for an Overland Passage through Nicaragua unfortunately tragedies like the sinking of the SS Central America also marked this period of Maritime history in 1850 the United States embarked on the construction of the Panama railroad now known as the Panama Railway with its completion achieved in 185 55 this Overland passage swiftly evolved into a crucial component of the western hemisphere’s infrastructure playing a pivotal role in boosting trade activities subsequently when plans for the canal took shape the railway’s existence proved invaluable as it had already navigated through dense forests clearing the way for further development despite this the ultimate aim remained unchanged establishing an all water route between the oceans Back In 1855 there was William kennes a talented engineer from the Isle of Man Who was on a mission for the United States government his task surveying the ismos and drafting a report on a potential Panama Canal route his findings were so fascinating that they were published in a book titled the practicability and importance of a ship canal to connect the Atlantic and Pacific Oceans imagine the excitement as people delved into kenn’s work pondering the possibility of linking these two great oceans having put in so much effort and resources into the Endeavor that is the Panama Canal did they go through with the building will it truly serve its purpose let us find out Conquering the ismos the Panama Canal is such a Marvel a remarkable feat of engineering that acts as a shortcut along a major Maritime route this extraordinary Waterway employs a series of locks akin to water lifts to elevate passing ships to the level of Gaton Lake a man-made Reservoir situated 26 M above sea level ships Ascend through three tiers of locks to reach the elevated surface stretching over 82 km then descend through another three tiers to continue their Journey this intricate process spanning 8 to 10 hours dramatically slashes The Voyage between the Pacific and Atlantic Oceans by over 8,000 Mi condensing what was once a len ly journey into just a matter of days for these seafaring vessels in 1881 Ferdinand deep a renowned French engineer proposed an ambitious plan to carve a path through Panama connecting the Atlantic and Pacific Oceans much like he had done with the successful Suez Canal however he quickly realized that Panama posed far greater challenges than the relatively straight forward Suez terrain instead of Sandy deserts Panama presented him with rug covered Forest teeming with hazards like frequent landslides triggered by heavy rains and populated by venomous snakes spiders and scorpions the dense jungle was also a breeding ground for deadly mosquitoes carrying diseases that ravaged the workers resulting in staggering death tolls reaching as high as 200 per month by 1889 the French Construction company had hit a devastating roadblock declaring bankruptcy after pouring a colossal $287 million into the project with disappointingly minimal progress to show for it the dream of a Panama Canal laid dormant until 1904 when the United States stepped in breathing new life into the Venture with a Fresh Approach and Innovative lock system design learning from the lessons of the past extensive studies revealed the impracticality of Ferdinand Deep’s sea level Canal concept for the rugged South American terrain on May 4th 1904 the United States formally assumed control of the canal property inheriting from the French a complex scenario a depleted Workforce and a sprawling array of structures infrastructure and Equipment much of it in dire need of repair to navigate this challenging situation the US government established the isian canal commission tasked with overseeing the construction efforts this commission was entrusted with authority over the Panama Canal Zone effectively placing it under us sovereignty answering directly to Secretary of War William Howard Taft the ICC was charged with a clear directive to circumvent the inefficiencies and Corruption that had plagued the earlier French Endeavor 15 years prior in a bid to steer the Panama Canal project towards success president Theodore Roosevelt appointed John Finley Wallace a seasoned figure previously renowned as the chief engineer and later general manager of the Illinois Central Railroad to lead the Endeavor on May 6 1 904 however Wallace encountered formidable challenges upon arrival the country was ravaged by disease and he grappled with the utilization of often deteriorated French infrastructure and Equipment compounded by frustrations with the bureaucratic hurdles of the IC Wallace resigned abruptly in June 1905 the ICC swiftly pivoted appointing Theodore P shant as the new chairman and enlisting the expertise of John Frank Stevens an autodidact engineer celebrated for his work on the Great Northern Railroad as the new chief engineer Stevens unaffiliated with the ICC opted to bypass its bureaucracy communicating directly with the Roosevelt administration in Washington DC in a bid to expedite progress John Frank Stevens wasted no time upon his arrival in Panama swiftly embarking on a comprehensive overhaul of the Region’s infrastructure he spearheaded the construction and refurbishment of housing cafeterias hotels Water Systems Repair Shops warehouses and other essential facilities essential for the influx of thousands of workers Stevens launched an extensive recruitment Drive enticing laborers from the United States and Beyond to join the workforce in the Canal Zone notably a significant number of workers hail from the Caribbean earning the Mone moner AFR panamanians with many opting to settle permanently in the area ensuring the well-being of the workforce was Paramount for Stevens who prioritized providing safe and comfortable accommodation for the laborers additionally he undertook the task of Reviving and expanding the railway Network recognizing its critical role in transporting millions of tons of soil from the mountainous cuts to the dam erected across the Chagas River in 1905 5 a panel of us Engineers was tasked with reviewing the design for the Panama Canal which had yet to be finalized by January 1906 after careful deliberation the panel presented President Roosevelt with a recommendation albeit with a slim majority of 8 to five advocating for a sea level Canal this approach mirrored the one attempted by the French and was briefly considered in the past however John Frank Stevens having witnessed the formidable power of the chagras river during floods was summoned to Washington to share his expertise he vehemently opposed the sea level proposal deeming it impractical instead he championed a canal design featuring a lock system enabling ships to be raised and lowered from a substantial Reservoir situated 85 ft above sea level a concept he believed to be far more viable this Innovative approach would lead to the creation of both the largest dam known as the Gaton Dam and the largest artificial lake gatun lake in the world at that time to replenish the locks water would be sourced from gatun Lake through the operation of massive Gates and valves harnessing the force of gravity to propel the water downward downward to the Pacific Ocean through the mountains at the gaylard kbra cut gatun Lake would serve as a crucial conduit for Canal operations unlike earlier proposals Stevens’s alter alternative scheme found favor with President Roosevelt who was persuaded of its necessity and practicality marking a significant turning point in the Canal’s Development building a canal with locks demanded the excavation of over 17 million cubic yards of material supplementing the 30 million cubic yards previously dug by the French the Americans wasted no time in overhauling the outdated French equipment swiftly replacing or upgrading it with Cutting Edge machinery tailored for larger and faster scale operations a staggering array of state-of-the-art construction equipment was deployed including 102 Mammoth steam shovels mounted on Railroad platforms with 77 sourced from busiris Erie and 25 from the Maran poers shovel company these behemoths were complemented by Massive steam powered cranes colossal hydraulic Rock Crushers efficient concrete mixers dredging machines and pneumatic power drills the majority of this Advanced Machinery was proudly manufactured using Innovative technology developed and produced within the United States underscoring the nation’s burgeoning prowess in machine building extensive upgrades were imperative for the railroad system necessitating the installation of robust double tracked rails along most sections to accommodate the influx of new Rolling Stock however the task proved even more challenging as sections of the original rail line were submerged by the expanding Gun Lake consequently a new elevated line had to be meticulously constructed above the water line of gatun Lake to ensure seamless Transportation operations through years of Relentless effort and a significant financial investment the Panama Canal finally emerged a testament to the Ingenuity and perseverance of over 75,000 dedicated workers in 1914 a significant Milestone was achieved as the construction of the Panama Canal reached its completion marking 401 years since the first European Crossing of Panama by Vasco Nunes de Balboa and his party of conquistadores the United States invested nearly $500 million which is equivalent to approximately $15.2 billion in 2023 to bring this Monumental project to fruition making it the most extensive engineering Endeavor undertaken by America up to that point on August 15th 1914 history was made with the formal opening of the canal commemorated by the passage of the cargo ship SS Ancon heralding a new era of global connectivity and trade efficiency since its official inauguration in 1914 the Panama Canal has evolved into a vital artery of global Maritime Commerce today it serves as a bustling shipping route accommodating over 40% of all us containership and facilitating approximately 5% of the world’s total International Trade Panama’s future hangs in the balance in recent times the status of the Panama Canal as a vital Maritime artery has faced challenges due to the impacts of climate change in 1978 concerns were raised about the potential impact of deforestation on the Panama Canal with warnings that clearing the forest in the Watershed could pose a serious threat to its operation by 1985 the forested area had already diminished to just 30% fast forward to 200000 and the challenges persist with deforestation driven by human population growth land degradation erosion and over hunting continuing to jeopardize the ecosystem of the canal Watershed deforestation contributes to erosion which in turn affects the water holding capacity of gatun and aladu lakes additionally the canal faces contamination from ship traffic exemplified by a crude oil spill in 1986 near the Caribbean entrance that resulted in the death of plants and invertebrates with the 2016 expansion the threat of invasive species has intensified as they can now spread more rapidly hitchhiking on the holes of ships or within ballast water additionally there has been a concerning trend of increasing salinity in the lake water over time in October 2023 the region encountered a significant deviation from the norm with rainfall plummeting by 41% as a consequence gatun Lake which serves as a crucial water source for the canal experienced a staggering drop of nearly 6 ft in water levels the diminished rainfall has left the canal with insufficient water to operate efficiently leading to a drastic reduction in the number of ships passing through from the typical 36 vessels this number has dwindled to a mere 18 as of February 2024 the situation shows no signs of improvement prompting authorities to implement even more stringent measures to conserve water and address the crisis at the entrance of the Panama Canal a queue of ships has formed leaving no alternative but to bide their time some vessels face delays of up to 18 days while others contemplate the perilous Journey around Cape Horn in response to the tightened restrictions ships are compelled to secure passage slots months ahead or opt for expedited passage by paying additional fees to bypass the queue a Japanese ship recently shelled out an astonishing $3.98 million to expedite its Passage through the canal on top of the standard passage fee this eye-watering expenditure underscores the severity of the situation globally experts are sounding the alarm cautioning that escalated transportation expenses have the potential to disrupt Supply chains and Trigger price hikes for goods the pressing question remains what steps will be taken next to address this mounting challenge amidst the deepening Water Crisis gripping the Panama Canal Mexico has seized upon a promising opportunity for trade by embarking on plans to rejuvenate its Century Old Railway line linking the Atlantic and Pacific Oceans despite assurances from the Mexican president that their intent is not to rival Panama during its challenging water scarcity ordeal the government has committed over 4.5 billion dollar to Breathe new life into the project dubbed the corridor inter oceanico Del istmo de tantek or the inter Oceanic Corridor of the ismos of tantek this ambitious revitalization Endeavor aims to enhance Mexico’s connectivity and bolster its role in global Commerce spanning 300 through southern Mexico the ambitious Railway project seeks to Breathe new life into the historic rail tracks of tantek while simultaneously laying down fresh infrastructure including roads airports and industrial parks at strategic junctures this bold initiative is poised to invigorate the economy of southern Mexico while providing a more streamlined alternative to the Panama Canal yet despite its centuries old existence why has this Corridor failed to Garner the same level of popularity as its Panamanian counterpart the roots of the corridor stretch back to the 1800s when President Porfirio Diaz foresaw the potential of connecting verac Cruz with Mexico’s southern coast his vision entailed the creation of a railway Bridging the Atlantic and Pacific Oceans following extensive planning and construction efforts the railway project came to fruition accompanied by the establishment of port kotak qualos on the Atlantic coast and Port Selena Cruz on the Pacific coast thereby unlocking access to both oceans in a grand ceremony presided over by President Diaz in 1907 the railway was officially inaugurated marking the beginning of a period of remarkable achievement over the ensuing 6 years the railway facilitated the transportation of more than 850,000 tons of cargo between the two oceans this Monumental progress catalyzed substantial economic growth in the regions surrounding the railway transforming small vill into bustling centers teeming with vibrant economic activity regrettably the corridor’s popularity took a nose dive when a civil war erupted plunging the country into turmoil this conflict emerged as a pivotal moment in Mexico’s modern history triggering rebellions across various regions and drawing foreign powers into the fry further complicating the power struggle amidst this chaos the Panama Canal reached completion and was officially inaugurated presenting a more attractive option for cargo ships with doubts lingering over the safety of their merchandise ships gravitated towards the Panama Canal enticed by its promise of swifter more economical and safer passage the Advent of the Panama Canal dealt a severe blow to the primary source of income for southern Mexico cargo Transportation on the railway plummeted by approximately 33% in the first year following the Canal’s opening and this decline steepened to a staggering 77% in the subsequent year faced with dwindling traffic and dwindling Revenue the railway gradually faded Into Obscurity eventually falling into disuse and Abandonment for many years to come president Andres Manuel Lopez recognizing the Strategic proximity of the Railway to the Panama Canal identified it as a promising Avenue for Commerce and a key opportunity to rejuvenate Southern Mexico’s ailing economy in 20 the president unveiled a bold proposal aimed at breathing new life into the landbased route envisioning a seamless transition from ship to rail and back to ship thereby unlocking the corridor’s full potential transforming the ismos of tantek into a global trade Hub hears how it unfolds ships navigate their way to either the Selena cruise port offering access to the Pacific or the kotak coalos port granting entry to the Atlantic upon arrival their cargos are unloaded and seamlessly transferred onto a network of 303 km of rails this journey spans just over 6 hours whisking the cargo from one port to the other once at their destination the containers are promptly loaded onto awaiting ships ensuring a smooth transition in the transportation process in the world of cargo shipping time is of the essence and the prospect of unloading and reloading containers poses a significant timec consuming challenge while this process may run smoothly for smaller vessels the question remains can the ports effectively manage the logistical intricacies of loading and reloading large Coastal ships the CIT project is taking proactive steps to address these potential challenges by undertaking a series of revitalization efforts these include the rehabilitation of bridges and drainage systems along line Z line F and line K with line Z being par particularly crucial as it serves as the sole connection between the ports of Selena Cruz and kak calos upon completion these enhancements will significantly boost the speed of cargo trains increasing their velocity from 20 kmph to 70 kmph while passenger trains May reach speeds of up to 80 kmph as part of the project modernization and expansion efforts are underway at both ports in Selena Cruz Construction and includes the development of a long Brak water and a wide mouth Port capable of accommodating larger vessels meanwhile in kotao alcos a new highway access is being built to improve connectivity these upgrades will be complemented by the integration of Cutting Edge technology at the ports ensuring seamless offloading and reloading processes to enhance Transit efficiency and minimize weight times furthermore the project entails the Strategic positioning of 10 industrial parks the establishment of three airports and the expansion of Highways along the corridor’s Route these measures aim to attract Investments to the region Foster job creation and position the ismos of tantek as a prominent global trading Hub once finished the CIT is anticipated to handle as many as 300,000 cargo containers each year with estimates suggesting it will transport approximately 1.4 million containers by 2033 but can the ismos of tantek truly emerge as a viable alternative to the Panama Canal while the Panama Canal is indeed grappling with a significant drought crisis it remains a pivotal Global Maritime shipping route operating tirelessly day and night the notion of the Mexican rail line eclipsing its dominance seems nearly inconceivable to put things into perspective the ismos of tantek is expected to handle more than 300,000 cargo containers per year year between its two ports while this figure is noteworthy it pales in comparison to Panama’s capability to transport an average of 4 million containers annually despite the clear disparity in capacity there’s a prevailing sentiment that the Mexican rail line doesn’t pose a direct threat to the Panama Canal instead it can serve as a valuable backup option complimenting the canal by alleviating some of its shipping burdens and mitigating the risk of prolonged delays due to to heavy traffic challenges along Mexico’s Corridor of progress while the creation of the corridor has been generally met with optimism analysts caution that achieving its objectives will require surmounting significant challenges particularly in terms of safety and infrastructure crime rates and inadequate infrastructure in the southern regions of Mexico have long been persistent issues casting a shadow over the Project’s prospects for Success addressing these challenges effectively will be crucial for the corridor to realize its full potential when it comes to infrastructure one of the key challenges facing the corridor is ensuring an adequate supply of natural gas estimates suggest that the project will require a substantial amount approximately 11.3 billion cubic feet representing a significant increase of over 120% in the National Distribution of hydrocarbons to support the envisioned Industrial activities an additional 20 billion cubic feet of natural gas per day will need to be supplied surpassing the current daily supply of 9 billion cubic feet as of August 2023 meeting this demand will be crucial for the successful development and operation of the corridor this presents a significant challenge as the bulk of Mexico’s existing natural gas supply is imported primarily from the United States moreover efforts by the state-owned company PEX to boost the country’s gas production have been fraught with complications according to the Mexican Institute for competitiveness a larger supply of natural gas is essential for Mexico to fully capitalize of on the recent impact of near Shoring an economic phenomenon that has significantly influenced the country despite a notable increase of over 50% in the length of Mexico’s gas pipeline Network between 2011 and 2022 it still falls short in meeting the demand in the southern and Southeastern regions where the corridor is under development this shortfall has contributed to the lack of Industrial Development and economic competitiveness in these areas as of 2023 nearly half of the natural gas demand was concentrated in the six states bordering the United States while only 16% was concentrated in the South and Southeast of Mexico Francisco n Gonzalez Diaz president of the National Industry of Auto Parts has noted that while several domestic vehicle manufacturers have expressed interest in the corridor not all may be able to operate effectively in the region due to limitations in its Highway infrastructure similarly Carlos carral Serrano executive director of the Mexican Association of urban planners has highlighted the inadequacy of the Region’s existing infrastructure and emphasized the urgent need for improvements another potential challenge for the corridor is the scarcity of qualified Personnel in the region underscoring the importance of investing in Education and Training initiatives as a top priority the corridor also encounters the challenge of meeting the demand for an alternative route to the Panama Canal The Mexican government has expressed considerable interest in the project particularly in light of the Canal’s recent struggles with an intense drought this drought has resulted in a reduction in the number of ships permitted to Transit per day and has imposed weight restrictions on cargo ships Mexico perceives this situation as an opportunity recognizing that climate change induced challenges May amplify the demand for a landbased alternative route moreover Mexico’s increasing attractiveness to investors in recent years further underscores the potential viability of the corridor as an alternative shipping route Benjamin Alman former director of the regulatory agency of Railway transportation in Mexico holds the view that the existing infrastructure of the corridor may not be robust enough to attract ships with large drafts as a result it is likely that only smaller vessels would find the corridor appealing for use however the corridor’s advantageous proximity to Asia and the American east coast a key artery for trade traversing the Americas could work in its favor despite these considerations the British newspaper Financial Times reported on October 16th 2023 that international shipping companies and other relevant entities have yet to demonstrate significant interest in the corridor an executive at unique logistics for instance remarked that whenever an alternative trade route becomes available importers tend to approach it with skepticism and uncertainty regarding its reliability due to their lack of familiarity with it Lars ostergard neelen an executive AT AP mhler Meers one of the world world’s largest container shipping groups noted that the corridor could be very useful if there was a surge in manufacturing activity in the Mexican South but otherwise the demand would likely be lower furthermore the report highlighted that the initial phase of the corridor will have the capacity to transport a maximum of 1.14 milon 20ft equivalent units annually a projection presented in September indicated that by 2028 around 304,000 teus would be transported through the corridor increasing to 1.3 million by 2 036 however these figures pale in comparison to the volume transported through the Panama Canal which reached 10.9 million teus in 2022 the report underscores that constructing sufficient infrastructure for the project could entail years of effort and substantial Financial investment rendering it a risky venture thanks for watching check out another interesting video by clicking on the link appearing on your screen right now see you on the other side

1 MINUTE AGO: The Panama Canal Has Just Been Closed Down & Something TERRIFYING Has Emerged!

The Inter-Oceanic Corridor is a colossal project underway in Mexico that’s stirring up the waters of global maritime trade. As the Panama Canal, a historic shortcut bridging the Atlantic and Pacific, faces the harsh reality of climate change-induced droughts, the spotlight shifts to this ambitious venture. Will it rewrite the maritime routes of the future, or is it just another ripple in the vast ocean of global trade? What implications will this project have on the dynamics of international commerce and geopolitics? Join us as we consider how this will kill the Panama Canal.