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Monday, September 01 2014 @ 09:50 PM EDT

Panama Canal Sets Tonnage Record in Fiscal Year 2012

Canal Daily OperationA new record of 333.7 million tons of cargo passed through the Panama Canal, at the close of the 2012 fiscal year. This represents an increase of 11.6 million tonnes or 3.6% compared to the figure of 322.1 million was generated in fiscal year 2011. According to the Administrator of the Panama Canal, Jorge Luis Quijano, this "historic achievement reflects once again the ability of Panama to manage, maintain current, and add value to a service with global impact."

According to a statement from the Panama Canal Authority (ACP), container ships, bulk carriers and ships, were the segments of the market with the largest movement, generating 119.8, 83.3 and 51.6 million tons respectively. PC/UMS is the Universal Measurement System/Panama Canal, the system used to measure the volumetric capacity of cargo ships transiting the waterway. (Panama America)

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