Thursday, October 7, 2010

SUMMARY by Juliette Passer

SUMMARY by Juliette Passer
(Based on article from LA PRENSA newspaper)

PANAMA CANAL AUTHORITY closes Fiscal Year 2010 with
US $1,482 million revenue

On September 30th the Panama Canal Authority (ACP) closed the Fiscal Year with the total of 300.7 million tons of cargo handled, totaling US $1,482 Million revenue. ACP administrator Alberto Aleman Zubieta stated that this figure represents only tolls and does not include other operations, such as the sale of electric energy and drinking water.

There was a growth of 1.6 million tons of cargo compared to the same period last year according to the Universal System of the Monitoring Ships in the Panama Canal. Aleman Zubieta said that he was very pleased with having surpassed three hundred million tons in a difficult year for the World economy.

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