Panama Canal Traffic Increases from 2009 to 2010

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Panama Canal

Panama Canal Locks

There are signs of economic recovery around the world.  According to today’s La Prensa the shipping traffic through the Panama Canal has increased slightly since last year.

La Prensa Article:

Traffic in the Panama Canal is recovering from a drop it experienced because of the global recession, Canal Administrator Alberto Alemán Zubieta said.

The fiscal year for the Canal ends at the end of this month, and about 300 million tons of traffic is expected to have moved through the waterway in the last 12 months. While this is done from a high of 312 million tons in 2007, it is a slight increase from 2009.

“Shipping traffic is recovering slowly”, said the executive before the start of the “Panama Invest 2010” conference in London. “Our fiscal year ends in the next few days, and we have seen a small increase in recent months.”

Zubieta said that the tolls will go up in January. The Canal authority postponed raising the toll this year, waiting for a recovery in the global economy.

“Canal Traffic to Increase Slightly.” La Prensa.com 18 September 2010.
<http://www.prensa.com/hoy/english/economy_4775.asp>

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