Panama Canal Revenue Increases in $68 Million
Despite a traffic reduction of 4%, revenue for the first half of the year was up 9%.
Tuesday, September 29, 2009
This is due to an increase in transit fees to container ships and passenger vessels larger than 30.000 tons.
In the first quarter of 2010 the Canal netted $359.7 million in revenue, 3.1% more than the same period of 2009.
'For the first time, the Canal has surpass $2 billion in earnings,' said Aleman Zubieta, Canal Authority administrator.
The revenue derived from the Canal toll increased 9.2% compared to the fiscal year of 2008.
The company Maersk Line has restructured its service between Asia and the U.S., using the Suez Canal rather than the Panama Canal, mainly for reasons of profitability.
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