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Saturday, April 19 2014 @ 07:56 AM EDT

Panama Canal Authority Sees Modest Traffic Rise In 2011

Canal Daily OperationPANAMA CITY (Dow Jones)--The Panama Canal will likely to see traffic rise moderately for a second straight year in 2011 as international trade continues to recover along with the world economy. The Panama Canal Authority, or ACP, expects the net tonnage of ships passing between the Pacific and Atlantic oceans to reach 305 million tons in fiscal 2011, up from 300.1 million tons the previous year, ACP Administrator Alberto Aleman said in an interview. Panama's fiscal year started Oct. 1. "I do believe that still this is going to be a slow recovery in world economics," Aleman said.
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