Panama Canal sets record annual cargo tonnage, positioned as U.S. logistics hub
According to figures, the Panama Canal transited a total of 13,548 vessels during its FY17, representing a 3.3% increase compared to totals the year before.
Following the close of its 2017 fiscal year (FY17), the Panama Canal, Panama City, Panama, announced that the waterway welcomed a record 403.8 million Panama Canal tons (PC/UMS) of cargo in FY17, the largest amount of annual tonnage ever transited in its 103-year history.
According to figures, the Panama Canal transited a total of 13,548 vessels during its FY17, representing a 3.3% increase compared to totals the year before. Thanks to the added capacity provided by the expanded canal and the larger Neopanamax vessels, the Panama Canal surpasses the cargo projection of reaching 399 million PC/UMS.