Panama Canal: New Tonnage Record
The Panama Canal set a mark in its history as it reached a new tonnage record of 333.7 million Panama Canal tons (PC/UMS) during fiscal year 2012 which concluded on September 30. This achievement highlights the value of Panama and its significance as a link in the chain of global trade.
“This milestone attests to the reliable and continuous service offered by the Canal, which is supported by a workforce of 10,000 men and women. The Panama Canal works tirelessly to provide its customers with first-rate service, including new products and services in response to their evolving shipping and maritime needs,” said Panama Canal Authority Administrator/CEO Jorge Luis Quijano.
Preliminary figures showed that the Panama Canal closed fiscal year 2012 with 333.7 million Panama Canal tons (PC/UMS). This figure represents an increase of 11.6 million Panama Canal tons or 3.6% compared to the 322.1 million tons registered last year, and also surpasses the previous 2007 record of 312.9 million tons.
Panama Canal Expansion
“The Panama Canal Expansion Program is moving forward at a good pace. The program has made positive contributions to Panama´s economy such as direct employment, investments, knowledge and technological transfer,” said Quijano.
To date, three of the four dry excavation projects have been completed and the 4th project reached 67% through August 31. The dredging of the Pacific and Atlantic entrances and of the Gatun Lake are advancing as scheduled with progress reaching 92%, 98%, and 76% respectively.
Press Release, October 11, 2012