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The Panama Canal sees rising LPG and cargo traffic boosting revenue despite projected tonnage declines.
The Panama Canal expects increased transits of liquefied petroleum gas (LPG) and agricultural commodities to offset projected revenue declines amid slowing global trade.
LPG’s share of U.S. exports to Asia has rebounded to over 95%, up from 80% in 2023-2024, driven by strong U.S. production and Asian demand.
The canal reported a 14% revenue increase to $5.7 billion and a 19% rise in transits during the fiscal year ending September 2024, fueled by higher LPG and container traffic.
Despite a projected 40 million metric ton drop in total tonnage due to reduced LNG tanker use, the canal is expanding infrastructure, including a 2-million-barrel-per-day LPG pipeline by 2030 and two new ports by 2029.
A major freshwater reservoir, Rio Indio, is on track for completion by 2031 as part of a $8.5 billion investment plan.
El Canal de Panamá ve un aumento del tráfico de GLP y carga que aumenta los ingresos a pesar de las disminuciones proyectadas en el tonelaje.