Miles de feligreses celebraron este lunes el Día de los Reyes Magos en Bolivia con la costumbre religiosa de llevar las imágenes del Niño Jesús a los templos...
Actualizado
- 21/05/2009 02:00
Creado
- 21/05/2009 02:00
PANAMA. The Panama Canal Authority is predicting a decline of up to five percent in the tones of cargo that will pass through the canal...
PANAMA. The Panama Canal Authority is predicting a decline of up to five percent in the tones of cargo that will pass through the canal this year. They expect world trade to surge back in 2011.
The financial crisis that is hitting the United States, the Canal’s main client, is affecting transit.
The cargo indicators in the first seven months of the 2009 fiscal year show a “slight” fall of 2.4 percent in the amount of tones that passed through the canal, said the ACP office of Investigation and Marketing Analysis in a report published o in its “El Faro” magazine. “This is due mainly to less transit of ships carrying cars and to less transit of container ships,” to the US market.
For the remainder of the fiscal year (which runs from October 2008 to September 2009), analysts expect a larger decline of cargo tonnage, totaling up to five percent due to weak demand.
According to experts, the US economy is expected to start recovering in 2010, resulting in a smaller decline of cargo passing through the canal (two percent).
Starting fiscal year 2011, world trade is expected to strengthen, and by the end of the canal expansion project in 2014, world trade and with it canal activity are expected to recover its previous impetus.
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