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Panama Canal sets record annual cargo tonnage in FY 2018

[ October 21, 2018   //   Gary G Burrows ]

The Panama Canal closed FY 2018 with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5% increase from the previous year.

With this tonnage, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017.

“The Panama Canal continues to exceed our expectations, reinforcing every day the importance of the waterway’s expansion and its impact on global maritime trade,” said Panama Canal Administrator Jorge L. Quijano. “This is the results of the efforts of our committed workforce who made this an extraordinary year.”

The increase was driven by the transit of liquefied petroleum gas (LPG) and natural liquefied gas (LNG) carriers, containerships, chemical tankers and vehicle carriers.

Tags: Panama canal