Bunker sales to ships in transit through Panama Canal contracted by 21.6% from January to November of 2009 year on year, because global shipping industry downturn. However, bunker sales grew by 8.2% and 19.8% in October and November respectively, after eight straight months of contraction. Panama Canal net tonnage increased in the same period and allowed the recovery of bunker sales. Nevertheless, Panama container transshipment ports continued to contract in the same period. Panama logistics and transport cluster (Canal, ports, bunker and railway among other activities) is an indicator of the health of the global shipping industry and, in consequence, is not yet clear the recovery. [read about Panama Economic Outlook...]
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