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International Business Times
International Business Times
Business
AFP News

Panama Says Its Canal Produced Record Revenue Despite Drought

A container ship waits to enter the Panama Canal on September 24, 2023 (Credit: AFP)

The Panama Canal delivered $2.5 billion to the national treasury for last year's operations, the government said Monday, despite record-low water levels that limited ship transits.

About six percent of global maritime trade passes through the canal each year, and the Panama Canal Authority earns money from tolls and services rendered to ships.

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