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October 15, 2018

Panama Canal sets record annual cargo tonnage in fiscal year 2018

The Panama Canal announced that it closed its 2018 fiscal year (FY 2018) with a record tonnage of 442.1 million Panama Canal tons (PC/UMS), which represents a 9.5 percent increase from the previous year.

With this tonnage, the Panama Canal surpasses the cargo projections of 429.4 million PC/UMS tons for FY 2018, as well as the 403.8 million PC/UMS tons registered in FY 2017.

The container segment continued to serve as the leading market segment for tonnage through the Canal, accounting for 159 million PC/UMS tons of the total cargo, of which 112.6 million PC/UMS tons transited the Expanded Canal. Tankers - which include liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers - represented the following market segment with 130.3 million PC/UMS tons.

The next leading segments included bulk carriers (73.7 million PC/UMS tons) and vehicle carriers (49.5 million PC/UMS tons).

In terms of cargo tonnage, the main routes using the Panama Canal in FY 2018 were between Asia and the U.S. East Coast, the West Coast of South America and the U.S. East Coast, the West Coast of South America and Europe, the West Coast of Central America and the U.S. East Coast and intercoastal South America.

"The Panama Canal continues to exceed our expectations, reinforcing every day the importance of the waterway's expansion and its impact on global maritime trade," said Panama Canal Administrator Jorge L. Quijano. "This is the results of the efforts of our committed workforce who made this an extraordinary year."

Source: Panama Canal Authority