$中远海发(02866)$ COSCO SHIPPING Development (HKG:2866) reported 420.4 million yuan in attributable profit for the third quarter, 13% lower from a year earlier, according to a Hong Kong bourse filing Thursday.

The Panama Canal is a 77.1 km (48 mi) man-made waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean. The canal cuts across the Isthmus of Panama and is a popular route for maritime shipping. The Panama Canal is important for a number of reasons. First, it allows ships to avoid sailing around Cape Horn, which is a much longer and more dangerous route. Second, the canal shortens the distance between many ports around the world, which can save time and money for shipping companies. Third, the canal provides jobs and revenue for Panama, and it is a major contributor to the country's economy. The Panama Canal is also important for global trade. It is one of the busiest shipping canals in the world, and it handles a large volume of cargo each year. The canal is essential fo