(A) ** TRUE
(B) FALSE
EXPLANATIONS BELOW
Concept note-1: -The Panama Canal serves more than 145 of the world’s trade routes and the majority of canal traffic comes from the all-water route.
Concept note-2: -The Panama Canal (PC) is the shortest operative route connecting maritime trade between the Atlantic and Pacific oceans. It is also the shortest passage for gas cargoes from the Gulf of Mexico to Northern Asia (Rodrigue 2015).
Concept note-3: -The 48-mile-long (77 km) international waterway known as the Panama Canal allows vessels to pass between the Atlantic Ocean and the Pacific Ocean, saving about 8000 miles (12, 875 km) from a journey around the southern tip of South America, Cape Horn.
Concept note-4: -Since it opened in 1914, the Panama Canal has been a marvel of engineering and one of the world’s most important trade assets. Roughly $270 billion worth of cargo crosses the canal each year. It serves more than 140 maritime routes to over 80 countries.