Shippingtelegraph: Panama Canal reports 14.4% revenue increase, transits jump 19%

The Panama Canal said total revenues rose around 14.4% in its fiscal year 2025 to USD 5.705 billion, compared to USD 4.986 billion last year, based on preliminary and unaudited results, authority said in a statement last week.

The canal also reported that transits increased 19.3% to 13,404, compared to the same period in 2024 when 11,240 transits were recorded. Of this total, 3,342 transits were neopanamax vessels, while 10,062 were panamax vessels.

Net profit totalled USD 4.134 billion, exceeding the budget projection by USD 372 million despite the challenges that arose from weather and market conditions.

This result also represents an increase of USD 695 million compared to the net profit recorded in fiscal year 2024 when it reached USD 3.439 billion.

In terms of tonnage, the canal handled a total of 489.1 million CP/SUAB tons, a 15.6% increase, compared to fiscal year 2024, when 423.1 million CP/SUAB tons were registered. Of that volume, 253.6 million tons corresponded to neopanamax vessels and 235.5 million tons corresponded to panamax vessels.

Growth was mainly driven by the container and liquefied petroleum gas (LPG) segments, which showed favorable performance throughout the year.

Meanwhile, the bulk carrier segment continued its recovery process.

The liquefied natural gas (LNG) segment posted results below expectations, mainly due to international freight market costs.

Extraordinary factors such as frontloading (advance distribution) and the long-term slot allocation program (LoTSA) also supported the Canal’s financial performance. 

Panama Canal Authority stated that the results put the canal in a solid financial position, ahead of the planned investments to increase water capacity and maintain its competitiveness of the interoceanic route starting in 2026.