Panama Canal facing difficult times – administrator

During a meeting with members of Civil Society and the media, the administrator of the Panama Canal, Ricaurte Vásquez, said  that the interoceanic highway  one of the country’s main assets “is going through difficult times.”

Canal charges by tonnage, not by transit, and statistics are being reflected where there is more traffic of small vessels, which consequently represents less tonnage and, in turn, lower collections.

The Panama Canal Authority reiterated that the use of water depends on the number of transits in the Canal and that a greater volume of it is being used, at a time when the waterway is generating less income.

Meanwhile, there will be a decrease in the number of containers that will pass through the Panama Canal, due to economic conditions in the world.