September 28, 2010 | No Comments YetTags: 1914, Amador Causeway, economic recovery, Economic Stability in Panama, Foreign Investment, Foreigners in Panama, fortune, Free Trade Agreements, Geography of Panama, Healthcare in Panama, International Trade, Invest in Panama, Jebel Ali Port, low cost of living, panama canal authority, Panama City Panama, Panama Development, Panama Energy, panama facts, Panama Government, panama information, Panama News, Panama Property, Panama Real Estate, plum, Political Stability in Panama, shipping traffic, ships, steamer, Tax Benefits in Panama, traffic, waterway
This article, released by Panama’s La Prensa newspaper declares the 1 millionth ship to transit the Panama Canal.
The canal has made Panama a very important country in the world trading sector and continues to contribute incredible revenue for the country.
“1 Millionth Boat Transits Panama Canal”
A vessel by the name Fortune Plum became the 1 millionth ship to transit the Panama Canal since it opened in 1914.
The record passage was recorded on Sept. 4 at 6:45 a.m., according to the Panama Canal Authority.
The first ship that passed through this waterway was a steamer named Ancon, on Aug. 15, 1914. An average of 14,000 ships now use the Canal annually.
The volume of traffic that goes through the Canal is about 300 million tons a year. It’s busiest year was in 2007, when 312 million tons of traffic used the waterway.
“1 Millionth boat transits Panama Canal.” La Prensa. September 28, 2010. <http://www.prensa.com/hoy/english/economy_4876.asp>.
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