Panama: Cargo Transit Decreases by 3.3%

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%.

Thursday, April 16, 2009

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.

La Prensa of Panama published: "We had already anticipated the impact that the economic crisis was going to have on traffic through the canal," said Rodolfo Sabonge, vice president of the Office of Marketing Research and Analysis of the AMP (Panamanian Maritime Authority).
In late 2008, the AMP predicted that a 5% drop in tonnage was expected for FY 2009."

More on this topic

Panamanian Ports are Leaders in Cargo Movement

December 2012

In Latin America the ports of Colon and Balboa occupy the first and second place in the ranking of volume of cargo moved.

In the Latin American ranking next in the list following the Panamanian ports are the ports of Santos in Brazil, Cartagena in Colombia, and Manzanillo, Mexico.

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.

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 Canal forecasts drop in tonnage in 2009

February 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.

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.

 close (x)

Receive more news about Transportation

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones

Maersk Line

Maersk Line is the core liner shipping activity of the A.P. Moller – Maersk Group, and the leading container shipping company in the world.
Operates in Costa Rica, Panama, El Salvador, Guatemala, Honduras and Nicaragua
Phone: (507) 210-6512

Company Profile

Stock Indexes

(Nov 21)
Dow Jones
S&P 500


(Nov 22)
Brent Crude Oil
Coffee "C"