August 3, 2020

The Panama Canal sets a tonnage record after a 6.2% rise in 2019

A total of 469 million tons of CP / SUAB passed through the Panama Canal in 2019, 6.2% more than in the previous fiscal year and a new record for the interoceanic highway, its administration said Wednesday.

With this figure, the Canal exceeds 450.7 million tons CP / SUAB (measure of volume of the Universal System of Arches of Ships of the Panama Canal) estimated for fiscal year 2019, as well as the tonnage of fiscal period 2018, which closed with 442 million tons CP / SUAB.

The Panama Canal Authority (ACP) stated in a public statement that the increase, in terms of number of transits, was driven in particular by the vessels of liquefied natural gas (LNG) and liquefied petroleum gas (LPG), which had an increase of 37.6% and 6.9%, respectively, compared to fiscal year 2018.

Other segments that registered increases were oil tankers (5.6%), and car carriers / RoRo (5.5%), compared to fiscal year 2018.

The ACP indicated that the container ship segment remained the one with the greatest impact on the waterway by contributing 164.8 million tons in fiscal year 2019, including 126.2 million tons that passed through the new Neopanamax locks, of the operational expansion since June 2016.

They were followed, in order of importance, by bulk carriers, 76.5 million tons; Ro / Ro vehicle transporter, with 53.1 million tons; chemical tankers, 44.3 million tons; LNG ships, 43 million tons; LPG vessels, 37.8 million tons; oil tankers, 22.6 million tons; and passenger ships, with 9.9 million tons.

In fiscal year 2019, the main routes through the Panama Canal, in terms of percentage of tons of cargo, were between the US east coast. and Asia; the east coast of the USA and west coast of South America; Europe and west coast of South America; US east coast and west coast of Central America, and coast to coast USA

For the same fiscal period from October 1, 2018 to September 30, 2019, the main interoceanic user countries were the United States, China, Japan, Chile and Mexico.

By the canal, built by the USA At the beginning of the last century and transferred to Panama on December 31, 1999, it passes about 6% of world trade and joins more than 140 sea routes and 1,700 ports in 160 different countries.

The road put into service in June 2016 its first extension, with a cost of at least 5.6 billion dollars, which consists of a new lane to give way to the neopanamax, ships with up to triple the load capacity (up to 14,000 containers ) of those who pass through the operational locks since 1914.

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