Friday, 11 October 2019 14:27

Panama Canal sets record in 2019

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The Panama Canal saw a 6.2 percent increase in the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), exceeding its own projections for the year. Most of the increase can be attributed to the increase in transits for the liquefied natural gas (LNG) and liquefied petroleum gas (LPG) segments that rose by 37.6 and 6.9 percent respectively, representing the largest gain across all segments. Additional segments with significant transit increases included crude product tankers with a 5.6 percent increase and vehicle carrier/RoRo with a 5.5 percent increase, compared to the previous fiscal year. In terms of tonnage, the container segment continued to dominate with 164.87 million PC/UMS tons, of which 126.2 million PC/UMS tons transited through the Neopanamax Locks.

 

The main routes using the Panama Canal by cargo tonnage in FY19 include between the US East Coast and Asia, followed by the US East Coast and the West Coast of South America, Europe and the West Coast of South America, the US East Coast and the West Coast of Central America, and the US intercoastal route. The main users of the waterway were the United States, China, Japan, Chile and Mexico.

 

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