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The Panama Canal

May 30, 2018 25001 Comments

The panama canal

The Panama canal

Between the Caribbean Sea and the Pacific Ocean that crosses the Isthmus of Panama is one of the wonders of the modern world, one of the greatest achievements of engineering in history that has changed the dynamics of global logistics: The Panama Canal.

Its origin dates back to the sixteenth century when the visionary monarchs Carlos I of Spain, and Carlos V of Germany in 1534 signed a decree that led to the first study for the construction of a route between both oceans, after the explorer Vasco Núñez de Balboa two decades before crossing the Isthmus, and noticing the short distance that separated the Atlantic from the Pacific.

More than three centuries later, the United States, and France, following the California gold rush; retook the idea. France lasted almost 20 years from 1880 in its attempt to build the Canal, but after many failures and obstacles sold the construction rights to the United States, which managed to successfully complete the construction of this technological marvel that unites both oceans in just 10 years.

Under the Hay-Burnau-Varilla Treaty of 1903, after the separation of Panama, and Colombia; the United States obtained perpetual rights over the Canal. Later, after the 1977 agreements of Torrijos-Carter, it was established that Panama would assume control from December 31, 1999. As of this date, the Canal is in full sovereignty of Panama, a country that proceeded to expand it in 2014.

The Panama Canal has more than a century since it began operations, and through it passes more than 6% of the world's maritime trade. This 80Km interoceanic navigation route that redefined global trade routes has had a positive impact on the global economy.

Large ships with the length of more than three soccer fields cross through their 1,400-foot-long locks, which is enough space to place the Empire State Building of New York, United States.

On average, 5.9 ships transit the Canal per day, passing mainly vessels that go from China, Japan, and South Korea to the east coast of North América or from South America to Europe.

The Panama Canal has been one of the most ambitious engineering works of all times, whose construction had a transforming effect from different angles on the entire planet, and represents a revolution in global trade history by allowing through logistics savings time, and money in a world that uses the seas to transport most of its cargo.




*** SPANISH VERSION ***



                  

El Canal de Panamá

Entre el mar Caribe y el océano Pacífico que atraviesa el Istmo de Panamá se encuentra una de las maravillas del mundo moderno, uno de los mayores logros de la ingeniería en la historia que ha cambiado la dinámica de la logística global: El Canal de Panamá.

Su origen se remonta al siglo XVI cuando los monarcas visionarios Carlos I de España y Carlos V de Alemania en 1534 firmaran un decreto que propició el primer estudio para la construcción de una ruta entre ambos océanos, luego que el explorador Vasco Núñez de Balboa dos décadas antes cruzara el Istmo y se percatara de la poca distancia que separaba el Atlántico del Pacífico.

Más de tres siglos después Estados Unidos y Francia a raíz de la fiebre del oro de California retomaron la idea. Francia duró casi 20 años a partir de 1880 en su intento por la construcción del Canal, pero luego de muchos fracasos y obstáculos vendieron los derechos de construcción a Estados Unidos, el cual logró culminar con éxito la construcción de esta maravilla tecnológica que une ambos océanos en tan sólo 10 años.

En virtud del Tratado Hay-Burnau-Varilla de 1903, después de la separación de Panamá y Colombia; Estados Unidos obtuvo los derechos a perpetuidad sobre el Canal. Posteriormente tras los acuerdos de 1977 de Torrijos-Carter se estableció que Panamá asumiría el control desde el 31 de diciembre de 1999. A partir de esta fecha el Canal se encuentra en soberanía plena de Panamá, país que procedió a ampliarlo en el 2014.

El Canal de Panamá tiene más de un siglo desde que inició sus operaciones y a través de él pasa más del 6% del comercio marítimo del mundo. Esta ruta de navegación interoceánica de 80Km que al ser ampliado redefinió las rutas de comercio global ha ejercido un impacto positivo en la economía a nivel mundial.

Grandes buques con la longitud de hasta más de tres campos de fútbol cruzan a través de sus esclusas de 1,400 pies de longitud, lo cual es suficiente espacio para colocar el Empire State Building, de Nueva York, Estados Unidos.

En promedio 5,9 buques transitan el Canal por día, pasan principalmente embarcaciones que van desde China, Japón, y Corea del Sur a la costa este de América del Norte o de América del Sur a Europa.

El Canal de Panamá ha sido una de las obras de ingeniería más ambiciosas de todos los tiempos, cuya construcción tuvo un efecto transformador desde diferentes ángulos en todo el planeta y representa en la historia una revolución del comercio global al permitir a través de la logística grandes ahorros en tiempo y dinero para un mundo que utiliza los mares para transportar la mayor parte de su carga.



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Buying a property remains among the most important financial decisions plenty of people may ever make. Between mortgage programs, interest terms, closing cost questions, and stacks of documents, a mortgage journey often feel overwhelming. Many homeowners find that having a patient loan officer can help when comparing their next steps. Deanne Katsaros, known as the Mortgage Mom, NMLS# 143589, is a mortgage loan officer located out of 2 Eastwick Drive in Gibbsboro who borrowers may call regarding refinance plans.
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What a Loan Officer May Help You With

A mortgage professional often works with homeowners through each stages in getting a home loan. This may include reviewing credit plus budget, walking through available mortgage types, helping in prequalification, collecting needed paperwork, and staying in touch with title companies until closing. Popular mortgage programs can cover fixed-rate mortgages, FHA loans, loans for eligible veterans, rural mortgages when eligible, higher-balance loans, plus refinance options. Since each buyer remains different, the right program may differ a lot from one person to the next.

What a Mortgage Process Often Works

Many mortgages move through a structured path. To start, the buyer talks with the mortgage professional about timeline and may seek prequalification. Next, once a purchase agreement gets in place, a borrower completes a full loan application and sends paperwork like bank statements. Following this, a loan goes through underwriting and approval, before closing paperwork are completed during closing. Schedules may differ depending on property type and how quickly paperwork are provided.

Smart Questions You Can Raise Before Selecting Any Mortgage Professional

Asking the right helpful questions upfront can help avoid surprises down the road. Useful questions involve which loan options might suit your goals, what down payment may be required, what interest rate plus closing costs apply to each offer, how to compare the loan estimate form, how long a process will take, plus how regularly communication will be shared. Homeowners can always check any mortgage professional’s licensing status with the Nationwide Multistate Licensing System using the NMLS number.

Convenient for South Jersey Communities

Based along Eastwick Dr in the borough of Gibbsboro, this location is easy to reach from buyers throughout the Gibbsboro area, the Voorhees area, Lindenwold, the Pine Hill area, the Clementon area, Laurel Springs, the Stratford area, Berlin, Marlton, plus neighboring Burlington County communities. Buyers looking near the White Horse Pike can often reach Deanne easily.

Final Thoughts

Whether you are buying your first home, having a knowledgeable mortgage officer in your corner can keep the process smoother. For South Jersey borrowers want to ask about their options, Deanne Katsaros remains a nearby home loan option they may reach out to for questions. Discuss your timeline openly, raise lots of questions, review loan offers carefully, and get every terms in writing. All mortgages are subject to underwriting review, while rates may vary over time. The above content provides educational information alone but must not be tax guidance.

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