Panama Canal Revenues Reach Record Levels

The number of ships crossing the waterway is expected to surpass the 13,216 that passed through in 2023. By the ninth month of the year, 10,068 vessels had transited the Canal, of which 7,553 were Panamax, meaning three out of every four ships are of this category. These revenues mainly come from Neopanamax vessels, which paid $1,685.2 million, while Panamax ships contributed $1,379.8 million. In this segment, Neopanamax ships registered 191.3 million tons, whereas Panamax ships carried 175.3 million tons. Through September, toll income from ships crossing the interoceanic route reached $3,065 million, surpassing the $2,433 million collected in the same period last year, according to a report from the National Institute of Statistics and Census (Inec). Toll revenue grew by 26% between January and September of this year compared to 2024. Toll revenue in 2022 was $3,015 million, while in 2023 it rose to $3,323 million, and in 2024 it reached $3,376 million. Net tons increased by 16.5%, rising from 314.6 million to 366.6 million. Throughout 2024, 11,803 ships passed through the Canal, so this figure is expected to be exceeded this November if the trend continues for the rest of the year. In December, the Panama Canal Authority must make its contribution to the State.