Panama Canal earnings increase by 14%

'For the first time, the Canal has surpass $2 billion in earnings,' said Aleman Zubieta, Canal Authority administrator.

Tuesday, October 14, 2008

Compared to 2007, when income totaled 1.76 billion dollars, there was an increase of 14%.
Just the toll segment alone added up to $1.32 billion, an increase of 11.3% compared to the previous year. In related transit related services which include trains, tugboats, etc, there was a reported $428.1 million or a 20% growth compared to 2007.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Panama Canal: Record Cargo Movement

July 2011

Total traffic is projected to reach 320 million tons by the end of 2011.

German Zubieta, the canal’s administrator, on the eve of his trip to Spain, added that the highest recorded traffic so far was in 2007 with a total of 312 million tons.

An article in Prensalibre.com notes, "the increase has been attributed to the 'rally in the economy," after the 2008 crisis, which "is reflected in the canal'.

Revenue Grows at Panama Canal

April 2010

In the first quarter of 2010 the Canal netted $359.7 million in revenue, 3.1% more than the same period of 2009.

The Economy and Finance Ministry (MEF) reported that revenue increased despite a 4% drop in the number of vessels passing through the Canal.

MEF explained that fewer vessels carried more cargo due to more efficient use of available space.

Income from canal toll increases 9.2%

October 2009

The revenue derived from the Canal toll increased 9.2% compared to the fiscal year of 2008.

In 2009 the revenue from the Canal toll ammounted $1.4 million. The previous year the total revenue was $1.3 million.

Wilfredo Jordán wrote for Prensa.com: "The growth in the revenue is very close to the projection, that was 10%.

Panama Canal Revenue Increases in $68 Million

September 2009

Despite a traffic reduction of 4%, revenue for the first half of the year was up 9%.

This is due to an increase in transit fees to container ships and passenger vessels larger than 30.000 tons.

Regarding the reduction in traffic, a study by the Panamanian Economy Ministry detailed that "the most affected route was U.S.-Asia, with a 10% decrease.

ok