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flag The Panama Canal sees rising LPG and cargo traffic boosting revenue despite projected tonnage declines.

flag The Panama Canal expects increased transits of liquefied petroleum gas (LPG) and agricultural commodities to offset projected revenue declines amid slowing global trade. flag 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. flag 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. flag 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. flag A major freshwater reservoir, Rio Indio, is on track for completion by 2031 as part of a $8.5 billion investment plan.

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