Close Menu
  • Home
  • News
  • Business
  • Lifestyle
    • Entertainment
  • Travel
  • Tech
  • Living
  • Others
    • Housing
    • Jobs
    • Education
    • Community
    • Expat life
  • Abu Dhabi Week
X (Twitter)
  • Editorial Policy
  • About Us
  • Contact
X (Twitter)
Dubai Week
Subscribe
  • Home
  • News
  • Business
  • Lifestyle
    • Entertainment
  • Travel
  • Tech
  • Living
  • Others
    • Housing
    • Jobs
    • Education
    • Community
    • Expat life
  • Abu Dhabi Week
Dubai Week
  • Home
  • News
  • Business
  • Lifestyle
  • Travel
  • Tech
  • Living
  • Others
  • Abu Dhabi Week
Home»News»The Panama Canal has surpassed the effects of “Govt 19”.
The Panama Canal has surpassed the effects of "Govt 19".
News

The Panama Canal has surpassed the effects of “Govt 19”.

Nadia BarnettBy Nadia BarnettOctober 29, 2021No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The Panama Canal set a record fiscal year for 2021, and officials announced Thursday that ship volume is higher than ever, despite the crisis caused by disruptions in global ports.
According to the Panama Canal Commission, a total of 516 million tons of cargo crossed the canal between October 2020 and September 2021, mainly containers, grains, chemicals and liquefied natural gas.
This figure represents an increase of 8.7 percent in inventory compared to the previous fiscal year, a record despite the recession in the global economy and trade caused by the effects of COVID-19.
“The Panama Canal fiscal year is truly exceptional,” Richard Vasquez, chairman of the authority, told a video conference.
According to Vasquez, the new shipwrecks are due to the increase in the number of ships and the crossing of the ocean with more containers, Vasquez says.
The increase in demand for grain between China and the United States, along with an increase in the transport frequency of liquefied natural gas, led to an increase in shipping through the canal.
New records have emerged despite the global trade crisis caused by the disruption of supply chains and congestion at ports in the wake of epidemics that have led to shortages of goods in some markets.
However, according to Vasquez, this did not affect the channel.
Since the United States opened the canal in 1914, more than a million ships have crossed it.
It regained control of the Panama Canal in 1999 under the Panama Canal Agreement signed in 1977.
(AFP)

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleBrad Pitt lost to Angelina Jolie again
Next Article The Ministry of Health has called on consumers to use the electronic system for submitting complaints
Nadia Barnett

"Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

Related Posts

HPE unveils unified program to power up profitable growth for partners

June 30, 2025

FutureSec Summit’25 to Tackle AI, Digital Trust, and Cyber Resilience in Dubai

June 17, 2025

CNN Academy Abu Dhabi Opens Applications for Aspiring Media Talent

June 14, 2025

Top 10 Cleaning Companies in Dubai for 2025 by DubaiWeek

June 14, 2025
Business

Flying to Georgia from the Emirates? Here’s How to Book a Car

By Stuart WagnerJuly 18, 20250 Business

Georgia isn’t a secret anymore. Over the past few years, it’s become a top destination…

AMISEQ Fuels Growth with Middle East Focus and Launches Z-Deploy to Revolutionize Cybersecurity Deployments

July 18, 2025

From Beaches to City Escapes: Elevate Your Journey with Jashanmal Group’s Premium Luggage Collection

July 18, 2025

Binghatti Opens its London Boutique Marking Larger International Presence

July 18, 2025
X (Twitter)
  • About Us
  • Privacy Policy
  • DMCA
  • Editorial Policy
  • Contact
© 2025 Dubai Week

Type above and press Enter to search. Press Esc to cancel.