Annual record in cargo traffic goes through Panama Canal on regional economic upturn
October 6, 2012, 12:10 am TWN
PANAMA CITY -- A record amount of cargo crossed the Panama Canal over the past 12 months, largely fueled by economic growth in Latin America, the waterway's top administrator said Thursday.
Nearly 334 million tons of cargo crossed the canal during fiscal year 2011 — which ended Sept. 30 — a jump from 322 million tons the previous year, said Panama Canal Administrator Jorge Quijano. "The canal no longer solely depends on the world's main economies," Quijano told AFP.