Percentage Drop in Cargo Going Through The Panama Canal

Monday, April 15 2013 @ 11:27 am EDT

Contributed by: Anonymous

The 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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