Panama Canal sets new tonnage record

Ports

Wednesday, October 10, 2012

The Panama Canal Authority said a record amount of shipping passed through the waterway during the fiscal year that ended Sept. 30. The canal uses an unsual measurement known as "Panama Canal tons" to measure volumes, but said ships with 333.7 million Panama Canal tons (PC/UMS) used the waterway, 3.6 percent more than 322.1 million PC/UMS last year. (Under PC/UMS, a mathematical formula is applied to the vessel's total volume or cargo carrying capacity.) During f...

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