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Panama Canal toll revenues up 19.7% in first half 2017

Panama Canal revenues totaled US $ 1,119.5 million in the first half of this year, up 19.7% from US $ 935.3 million in the same period of National Institute of Statistics and Census (INEC) released today.

Panama, Aug 8 (EFE) .- Panama Canal revenues totaled $ 1,119.5 million in the first half of this year, 19.7% more than the 935.3 million in the same period of 2016 According to data from the National Institute of Statistics and Census (INEC) released today.

The preliminary figures published by INEC show that between January and June, Interoceanic recorded 7,068 transits, 5.5% more than the 6,698 of the same period of 2016.

In the period under study, the volume of cargo that transited the Canal soared 25.9% And reached 122,672 long tons, while metric tons totaled 203,967, up 28.8%, according to official figures.

The Panama Canal, where it passes close to the 6% of world trade, expects to deliver a contribution to the State of $ 1.601 billion this fiscal year, 60% more than in 2016, due to the benefits of the entry into operation of the Expansion.

The widening, consisting of a third lane to give way to neopanamax ships, with the triple capacity of those that can cross the centennial route, was Inaugurated on June 26, 2016, and in its first year of service yielded better than expected results, in the words of Canal administrator Jorge Quijano.

The INEC, a body Attached to the Comptroller General of Panama, also reported that the movement of cargo in the country's port system grew 13.2% in the first half of this year to add 7.08 Million metric tons compared to 6.63 million in the same period of 2016.

The Panama port system is made up of 15 private and 13 public ports, according to the

Logistics is one of the pillars of Panama's economy, which expanded by 4.9% in 2016 and 6.2% in the first quarter of this year, according to Officers.

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