Pan Canal Expects Revenue to Exceed $5.2 Billion After Strait of Hormuz Closure
Panama Canal expects fiscal 2026 revenue to exceed its $5.2 billion forecast after the closure of the Strait of Hormuz diverted more commercial shipping through the waterway connecting the Caribbean and the Pacific.
Ilya Espino de Marotta, the authority’s incoming chief, told reporters Thursday that revenue for the fiscal year ending Sept. 30 will surpass the initial estimate. The shift in trade routes boosted toll collections and auction payments, with one ship paying a $4 million premium in April to jump the front of a queue experiencing significant delays.
From the sources (2 posts)
@businessThe Panama Canal expects revenue to exceed its $5.2 billion forecast for fiscal 2026 after the closure of the Strait of Hormuz drove more ships through the waterway
@chigrlPanama Canal Sees Revenue Beating Forecast After Hormuz Closure The Panama Canal expects revenue to exceed its $5.2 billion forecast for fiscal 2026 after the closure of the Strait of Hormuz drove more ships through the waterway connecting