INSUBCONTINENT EXCLUSIVE:
The Panama Canal Authority (ACP) has reported a successful fiscal year 2024, showcasing its resilience in the face of climate challenges.The
dollar.This financial achievement comes despite a 21% reduction in high-draft transits due to severe drought conditions
The ACP implemented strategic measures to maintain operational sustainability, including the introduction of a Freshwater Charge and
He noted a 1% increase in revenue this year, projecting a total rise of 1.8 billion balboas over five years
Net profit has surged by 131% in the past five years, reaching 3.453 billion balboas in fiscal year 2024
ahead, the ACP projects a significant increase in high-draft transits for fiscal year 2025
They anticipate 12,582 vessel transits and 520 million tons transported, potentially generating revenue of 5.624 billion balboas ($1.004
The canal continues to adapt and thrive, balancing financial growth with environmental responsibility in an ever-changing climate
landscape.Panama Canal Revenue Rises to $4.99 Billion Despite Drought Challenges
