Panama Canal Traffic Rises 19% as LPG Shipments Drive $5.7 Billion in Revenue

The Panama Canal reported a sharp increase in vessel traffic and revenue in fiscal 2025, with LPG shipments leading growth amid recovering bulk carrier volumes.

(Reuters) — The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said in a statement on Oct. 8.

The canal also reported that vessel transits increased 19.3% year-on-year to 13,404 during the 12-month period, which ended on Sept. 30.

Container and liquefied petroleum gas (LPG) segments drove revenue growth, while bulk carrier traffic continued to recover. Liquefied natural gas (LNG) volumes fell short of expectations due to global freight market conditions, the statement said.

Authorities said the results leave the canal in a strong financial position ahead of planned investments starting in 2026 to expand capacity and maintain competitiveness.