Revenue Grows at Panama Canal

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

Monday, April 12, 2010

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. For example, in March 2010 commercial cargo transit was 5.1% than the same month of 2009, and high capacity vessels carried 5.3% more goods.

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Panama’s Revenues Grow

April 2012

The amount collected by the State of Panama during the first three months of 2012 was what was budgeted, exceeding the expected amount by 5%.

From a press release from the Ministry of Economy and Finance of Panama:

Current revenue during the first quarter of 2012 amounted to $1.5495 billion, exceeding the amount budgeted by $73.6 million (5%) and the results from the same period in the previous year by $294 million (23.4%), said the Deputy Finance Minister Mahesh Khemlani at a press conference.

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.

Panama Canal earnings increase by 14%

October 2008

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

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.

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