Panama Canal forecasts drop in tonnage in 2009

The Panama Canal Authority has forecast a 5 % drop in cargo tonnage going through the waterway as cargo transit has been badly hit by the crisis.

Tuesday, February 10, 2009

The authority, known as the ACP, said on Monday it was expecting a 5 per cent fall in transit volume this year to 294.1 million tonnes, nearly 19.9 million tonnes less than that of the previous year.

Quoting EFE, The Hindú ( reports: "Rodolfo Sabonge, Marketing Director of ACP, said the forecasts are nonetheless subject to the way the US and other countries stricken by the world financial crisis manage to reactivate their economies. Sabonge said the ship traffic going through the canal was also affected by high fuel costs and the devaluation of the dollar. "

More on this topic

More Cargo Transiting the Panama Canal

October 2012

The Panama Canal set a new record of tonnage, reaching 333.7 million Canal tons (PC / UMS) at the end of fiscal year 2012.

A statement from the Panama Canal Authority reads:
Panama Canal tonnage hits new record

Posted on October 10, 2012

The Panama Canal set a new record of tonnage, reaching 333.7 million Canal tons (PC / UMS) at the end of fiscal year 2012, as a result of the quality of services provided by the waterway and the country's role in trade internationally.

Increased Activity in Guatemalan ports

October 2011

In the first half of the year maritime cargo movement grew by 7% compared to the same period in 2010.

The economic dynamism being experienced in Guatemala is also reflected in the activities of the vast majority of cargo ports in the country.

In just six months, the amount of cargo transported came to 726,000 TM2, more than in same period last year.

Record Cargo in Panama Canal

October 2011

The 322 million tons that passed through the Panama Canal during the 2011 fiscal year, exceed the load recorded in 2010 by 7.1%, and is 2.9% above the previous record achieved in 2007.

A press release from the Panama Canal Authority (ACP) states that:

“Panama Canal tonnage sets historic record

Panama: Cargo Transit Decreases by 3.3%

April 2009

In the first quarter of 2009, the tonnage of freight transported through the canal declined by 3.3% and ship transit fell by 1.4%.

The most affected segment of vessel transit was vehicle carriers, mainly due to the sharp drop in car sales in the United States, followed by container ships and cruise ships, which also reported declines.

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Organization that operates in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama.
Phone: (954) 237 7979

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