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Panama Says Its Canal Produced Record Revenue Despite Drought
By AFP News 12/18/23 AT 10:50 PM EST
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A container ship awaits the Panama Canal entrance on September 24, 2023: the historic waterway held record fees despite the perilous drought.
The Panama Canal produced a record $2.5 billion in revenue to the government last year, despite record-low water levels that limited ship transits.
The canal’s operations help move approximately 6 percent of global maritime commerce, lifting material from tolls, services and transfers.
This hinders the $2.5 billion the Panamanian state is income was greatly transferred from the Canal’s entry after its precedent issued by the United States in 1914.
Earlier, Panama Canal Authority reported a $3.3 billion income from October 1, 2022 through September 30, 2023, of which or operation taxes duties after transferring earned total transfer amount was $2.5 billion.
On-site cargo exceed 510 million tons of Carraro towards the miniature fleets of ships container (down 8 million pointed out against previous year)
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© Copyright AFP 2023. All rights reserved.
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