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Tuesday, July 22 2014 @ 09:55 PM EDT

Percentage Drop in Cargo Going Through The Panama Canal

Canal Daily OperationThe bad economy in: Brazil, Colombia and Venezuela, have affected the amount of cargo ships that go through the Panama Canal from these countries.

In January and February of this year, the country's five terminals reported the movement of 1,028,000 TEU (Twenty Foot Equivalent Unit). This is 190,000 TEU or 15% less than the amount moved in the period of 2012.

Port operators claim the European crisis slows down exportation. In addition, there has been decreased shipping services and partnerships to use fewer boats and optimize the use of space on ships. (Prensa)

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Percentage Drop in Cargo Going Through The Panama Canal | 1 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.
Percentage Drop in Cargo Going Through The Panama Canal
Authored by: Arcuni on Monday, April 15 2013 @ 08:09 PM EDT

This is bad news. Does anyone believe that the European debt problems will go away and their economies will improve? Same for the US. Thank goodness Panama had the foresight to expand the canal. This lack of traffic will only be with us for another year or so.