There is a tiny isthmus (narrow strip of land with sea on either side, forming a link between two larger areas of land) lying between the Pacific and Atlantic Oceans connecting North and South America called the Isthmus of Panama..

This isthmus is of strategic importance to global trade and the world of shipping because it contains the country of Panama and the Panama Canal..

Panama is home to the largest ship registry in the world, whereas the Panama Canal is of huge significance to the shipping industry..

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