Panama Canal increases revenues and cargo in January-April 2020
9 de junio de 2020, 1:0
Panama, Jun 9 (Prensa Latina) In the first four months of 2020, the Panama Canal reported an increase in revenues and cargo compared to January-April 2019, with fewer ships, local media reported.
Data from the National Statistics and Census Institute (INEC) shows that contrary to predictions of possible damage due to the world trade crisis caused by the Covid-19 pandemic, the number of Neopanamax vessels increased during the first four months of this year.
According to the INEC, the number of megaships that went through the interoceanic route totaled 1,108 in the above-mentioned period, compared to 2019, and they paid a toll of some 475 million dollars altogether, accounting for 15.4% more than in the same period last year, with a notable increase in cargo on board.
Panamanian ports reported a similar trend and they grew by one-fourth in the number of metric tons moved compared to first four months of 2019, as well as the number of TEUs (six-meter containers) handled, which totaled 2.6 million.
Both the Panama Canal and the ports in the Atlantic and Pacific oceans reported a decrease since January, with a notable fall in March, although the results were higher than in 2019, and the recovery started in April.
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