Subscribe to RSS feedPanama Canal results are buoyed by toll increases
by
Rainbow Nelson, Panama City
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last modified
Aug 20, 2009 03:52 PM
THE PANAMA Canal Authority has posted higher than expected revenues in the first nine months of its financial year, reflecting the resilience of the waterway in the face of the global downturn.
While its major customers, including Chilean line CSAV, have been buffeted by what the shipping group has described as a crisis “of a magnitude only comparable to the great depression of the last century”, the canal has seen toll revenues...
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