Since the first ship passed through in April of 1914, the
Panama Canal has been at the center of global trade. By 1939, more than 7,000
ships a year were traveling through the canal, but it did not turn a profit
until the 1950s. In 1966, the lines at each end of the canal had grown so long
that the ACP installed lighting to allow for overnight traffic.
In recent years the amount of cargo shipped worldwide
annually has continued to increase, a growth driven in part by rapidly
expanding economies in Asia. By 2005, 5% of worldwide shipping traffic was
passing through the Panama Canal, including nearly 70% of all cargo to and from
the U.S. In 2007 -- the year construction began -- 14,721 vessels carrying a
record 313 million tons of goods crossed the canal. Experts estimate that by
2025 annual demand will rise to 510 million tons.
The money that they earn differs each year
but from 2000 to 2010 that Panama has had full
control over the Panama Canal, the canal has earned $45 billion dollars in
tolls. The average per year is about $4.5 billion. Panama has actually
increased the operational efficiency of the canal since taking over from the
Americans.
but as the Panama Canal Authority (the Government of Panama entity operating the canal) declared in financial statements, the Panama Canal makes 2.4 billion USD* of turnover in 2013, for a net income of 1.26 billion USD
Since the first ship passed through in April of 1914, the
Panama Canal has been at the center of global trade. By 1939, more than 7,000
ships a year were traveling through the canal, but it did not turn a profit
until the 1950s. In 1966, the lines at each end of the canal had grown so long
that the ACP installed lighting to allow for overnight traffic.
In recent years the amount of cargo shipped worldwide
annually has continued to increase, a growth driven in part by rapidly
expanding economies in Asia. By 2005, 5% of worldwide shipping traffic was
passing through the Panama Canal, including nearly 70% of all cargo to and from
the U.S. In 2007 -- the year construction began -- 14,721 vessels carrying a
record 313 million tons of goods crossed the canal. Experts estimate that by
2025 annual demand will rise to 510 million tons.
The money that they earn differs each year
but from 2000 to 2010 that Panama has had full
control over the Panama Canal, the canal has earned $45 billion dollars in
tolls. The average per year is about $4.5 billion. Panama has actually
increased the operational efficiency of the canal since taking over from the
Americans.
but as the Panama Canal Authority (the Government of Panama entity operating the canal) declared in financial statements, the Panama Canal makes 2.4 billion USD* of turnover in 2013, for a net income of 1.26 billion USD