2014 Annual Review & Outlook: Panama Canal Authority
Jorge L. Quijano, Administrator and CEO |
Fiscal year 2013 brought a slight decrease in Panama Canal tonnage, in part because of continuing weak demand in the United States and Europe and the general slowdown of emerging market economies. Canal traffic was also impacted by the maritime industry’s shift toward larger, more energy-efficient vessels, which are unable to transit the canal until the expansion program is completed.
International ports