There is a special anniversary this year in the world of international freight shipping. The Panama Canal celebrates its 100th Anniversary this summer. The Panama Canal has been a tremendous component of global trade for the United States, and other nations in the World. In many ways, the shipping industry would be very different if not for the Panama Canal, which connected the East and the West through ocean trade.
Recently in the news, the United States issued more sanctions against Russia. These sanctions are a direct result of the recent incident with Ukraine and Crimea. Usually in these types of situations, sanctions could diminish trade activity between two nations. Carriers and freight forwarders worldwide want to avoid harsh trade situations. There is good news however.
