The Panama Canal Administrator, Dr. Ricaurte Vásquez Morales, delivered the 43rd Annual William A. Patterson Distinguished Transportation Lecture at Northwestern University this week, in which he laid out the crucial role the
The Panama Canal Administrator, Dr. Ricaurte Vásquez Morales, delivered the 43rd Annual William A. Patterson Distinguished Transportation Lecture at Northwestern University this week, in which he laid out the crucial role the Panama Canal has played in the development of global trade and the impact it has had on the greater evolution of humanity in Panama, and throughout the world.
The Northwestern University Patterson Transportation Lecture is an award that recognizes Vásquez and influential leaders from all facets of the transportation industry.
Tracing the evolution of the waterway’s conception as a 16th century crossroads, to its 1914 debut as a formal channel for global shipping, Vásquez described the innovation and evolution among the canals earliest customers and supporters that allowed the canal to develop into the crucial position it holds today within the transportation industry.
Today, the powerhouse hub known around the world as the Panama Canal links the Atlantic and Pacific Oceans and connects more than 1,920 ports throughout 170 countries. Its presence shortens shipping routes by as much as 8,000 nautical miles and provides global consumers a faster, more reliable supply chain than on land.
Vásquez also emphasized that the United States remains the canal’s top customer, which
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