Panama Canal Sets Tonnage Record For FY2011
The Panama Canal ended fiscal year 2011 on 30 September, recording a total transit of 322.1 million tons of cargo or a 7.1% growth compared to 2010. "This is an unprecedented achievement in the 97 years of Canal operations," said the administrator of the Panama Canal Authority (ACP), Alberto Aleman Zubieta. This reflects the ability of Panama to operate and manage this important maritime trade route, he added. The results for FY2011 surpassed the previous record of 312.9 million tons, set in 2007, by 2.9%. For fiscal year 2012, which just started October 1, the ACP projects in its budget over 332.5 million tons, or a growth of 3.7%, or 10.4 million tons more than this year. (Prensa)
