PANAMA CITY, Oct 12 (BERNAMA-NNN-AGENCIES) -- A record 442 million tons of cargo was shipped through the Panama Canal over the past fiscal year, despite the US-China trade war, officials said.
The figure reflects a 9.5 percent rise compared to last year, the waterway’s administration said in a statement.
“The Panama Canal closed the 2018 fiscal year (Oct 1, 2017 to Sept 30, 2018) with a historic tonnage record of 442.1 million tons,” it said.
The main routes passing via the canal in terms of amount of cargo were from the US east coast to Asia and South America.
An estimated five percent of global maritime trade passes through the canal, with almost two-thirds going to or coming from the US.....