Sunday 26 September 2021

Trade war sparks Panama Canal reshuffle

Paying the bills

Latest

Government will buy one million more covid vaccines for children and third doses in 2022

QCOSTARICA - The President of Costa Rica, Carlos Alvarado,...

Don’t forget the vehicular restrictions

QCOSTARICA - If you are out and about this...

UNA epidemiologist: “We are not better, we are less worse”

QCOSTARICA - The fact that the number of infections...

Today’s Vehicle Restriction September 26: “ODD” ending plates CANNOT circulate

QCOSTARICA - For today, Sunday, September 26, vehicles with...

Canadian airlines will start flying back to Costa Rica on October 2

QCOSTARICA - Four Canadian airlines will resume their flights...

8-year-old boy dies abruptly of covid-19

QCOSTARICA - An eight-year-old boy who had no risk...

Vaccinations face unfounded fears over AstraZeneca dosages

QCOSTARICA - The goal of immunizing 500,000 people over...
Paying the bills

Share

Japan has overtaken China to become the second-biggest user of the Panama Canal amid an escalating trade war between Beijing and Washington, canal authorities said Thursday.

China’s slip to third is due to decreased shipments of natural and liquid petroleum gas as the Asian giant is buying less of them from the United States,” administrator Jorge Quijano told reporters, adding that at least 2 million tons of gas are not being moved through the canal as a result, the Associated Press reports.

- Advertisement -

Quijano said there is also a decrease in container traffic between China and the U.S.: Cargo ships “are not contributing as much as before because they come with lots of empty space,” he said.

Quijano said it would be premature to speculate whether the drop in shipping between China and the United States would affect canal earnings forecast for the current fiscal year through the end of September.

“We had a very good May, we can’t complain,” Quijano said. “Hopefully that is repeated in June and we may be able to be above what has been budgeted.

The United States remains the biggest user of the canal. During the last fiscal year, 174.9 million tons of cargo were shipped to and from the country through the waterway, or a little over 60% of total tonnage.

About 5% of global shipping crosses through the Panama Canal.

- Advertisement -
Paying the bills
Q Costa Rica
Reports by QCR staff

Related Articles

Group charged migrants US$22K to get them to the United States.

QCOSTARICA - A Costa Rican-Panamanian criminal structure charged migrants of 13...

20 years after 9/11: the only surviving Tica tells her story

QCOSTARICA - On September 11, 2001, Karla Pericón arrived early at...

Subscribe to our stories

To be updated with all the latest news, offers and special announcements.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.