35 million tons drop in Canal CO2 emissions

 
626Views 4Comments Posted 06/03/2018

CARBON DIOXIDE ((CO2) emissions by ships passing through the Panama Canal fell by 35 million tons in the 2017 fiscal year through the Green program “Connection Award and Environmental Premium Ranking” program.

The program offers a reward to customers who use vessels that meet high environmental efficiency standards established by the International Maritime Organization (IMO).

The information was presented to the  National Assembly Public Infrastructure and Affairs Committee on Tuesday, March 6 , by the Canal Administrator, Jorge Luis Quijano.

He also reported that  clients have taken advantage of the benefits of the economies of scale provided by the neopanamax locks on the route through Panama. This is reflected in the number and size of ships that transit the Canal. Since June 26, 2016, until March 2, some  3000 neopanamax vessels have used the new locks.

At present, the daily average of transits is around five ships, a figure higher than the estimate for the fiscal year 2017, and that is expected to increase in the short term, according to projections of the administration.

REVENUE
Last year, the Canal obtained total revenues of $2.886 billion, up more than $383 million over the previous fiscal year.

The total revenue from tolls was $ 2.707 billion, the sale of electric energy generated, $84.6 million; the sale of water, $28.4 million; other income, $33 million and interest earned $33 million.

According to the administration, this performance also allowed reaching a new record of $1.65 billion in direct contributions to the State.

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Comments 4

user
eugenie

Panama has a huge financial services industry, international trade, international travel/tourism, and a copper industry. The lack you reference, is small and medium sized business, owned by individuals, families, or small partnerships. Another thing i do not see is free shit. I see poverty, exploitation, ignorance, a low standard of health care, garbage, and waste, which causes me to donate a sufficient amount of time, energy, and money every year, to make sure i cover the actual cost of the propane i use. Anything commoners may be getting from Panama, does not begin to compare with what is stolen from them.

Last year
user
Darwin awards for all

Well besides this what else does the country have to make money .and i know its hard to believe but it costs lots to do everything the free shit army wants in this country . And i bet you used the $5 propane tanks at your place

Last year
user
Captain

This is all drip drip propaganda headed towards demands for more cash ...like billions of dollars....towards the " urgent" need for more locks. Don't fall for it !

Last year
user
eugenie

and yet cities are without water for a week at a time, schools can only manage half days of education, and the electric grid is made of aluminum wire. could it be that all the scrambling politicians, corrupt police and judiciary, manage to haul away all that much money???? where on earth does it go?

Last year
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