Panama Canal Income Slips

Friday, April 07, 2000
Toll income at the Panama canal between October and February slipped 2 percent to $240 million, compared with the same period a year before, the Panama Canal Authority (ACP) said. The ACP, which runs the waterway, said the slightly lower revenue was due to a fall in grain and oil shipments although an increase in container traffic alleviated the 16.9 percent and 10.3 percent reductions, respectively, in grains and oil tonnage. Total tonnage shipped through the canal in the October to February period was 78.9 million metric tons, down six percent from a year before. Container traffic grew 7.9 percent to 12.9 million metric tons. The ACP said the number of transits made during the period was 5,061, 5 percent less than the 5,377 transits recorded in October-February last year. The Panama Canal, which passed from U.S. to Panamanian control at the end of 1999, posted revenues of $568.9 million during fiscal 1999, an increase of 4.2 percent over the previous fiscal year. Panama's fiscal year runs Oct. 1 to Sept. 30.
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

BAE Systems Awards Software Contract to SENER

The Spanish company SENER, Ingeniería y Sistemas S.A has closed a contract with U.K.-based BAE Systems PLC for the integration between FORAN CAD/CAM System and

Hawboldt Secures Cape Sharp Tidal Winch Deal

A third Nova Scotian company has secured a multimillion dollar contract with the Cape Sharp Tidal project, which has potential to be the first grid-connected tidal array in the world.

Voyager IP Wins Irish Navy Satellite Contract

Voyager IP, the Irish marine telecoms solutions specialist, has partnered with the Irish National Space Center to win a €500,000 contract to manage the entire satellite

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1093 sec (9 req/sec)