{"id":37721,"date":"2024-01-18T01:41:20","date_gmt":"2024-01-17T22:41:20","guid":{"rendered":"https:\/\/www.al-sindbad.net\/panama-canal-toll-revenue-shrinking-this-due-to-drought\/37721\/"},"modified":"2024-01-18T01:41:20","modified_gmt":"2024-01-17T22:41:20","slug":"panama-canal-toll-revenue-shrinking-this-due-to-drought","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/panama-canal-toll-revenue-shrinking-this-due-to-drought\/37721\/","title":{"rendered":"Panama Canal Toll Revenue Shrinking this Due to Drought"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"meta\">\n<meta itemprop=\"datePublished\" content=\"2024-01-17T17:33:39.0000000\"\/><br \/>\n<span class=\"date\">January 17, 2024<\/span><br \/>\n<meta itemprop=\"dateModified\" content=\"2024-01-17T17:33:39.0000000\"\/>\n<\/p>\n<div class=\"images-wrapper single\">\n<div class=\"images\">\n<div class=\"image active\">\n<\/p>\n<p>\n\u00a9 Tiago Fernandez \/ Adobe Stock\n<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div property=\"articleBody\">\n<p>The Panama Canal&#8217;s toll revenues have dipped by about $100 million per month since last October, the canal&#8217;s administrator said on Wednesday, adding that if the trend continues reduced income from tolls could total some $700 million by around April.<\/p>\n<p>The falling revenue stems from drought conditions that have forced the canal&#8217;s managers to impose shipping restrictions on the more than century-old waterway, a key global trade route linking the Pacific and Atlantic Oceans.<\/p>\n<p>The canal&#8217;s fiscal year begins in October, and runs through September.<\/p>\n<p>Canal Administrator Ricaurte Vasquez described the continued trend of falling toll revenue in coming months as &#8220;possible,&#8221; in comments to reporters at a press conference.<\/p>\n<p>He added that the waterway expects to nonetheless meet targets set out in its budget for income for the fiscal year, in part due to a recent toll increase that have come into effect.<\/p>\n<p><em>(Reuters &#8211; Reporting by Elida Moreno; Editing by Sarah Morland and David Alire Garcia)<\/em><\/p>\n<\/div>\n<\/div>\n<p>maritime professional<\/p>\n","protected":false},"excerpt":{"rendered":"<p>January 17, 2024 \u00a9 Tiago Fernandez \/ Adobe Stock The Panama Canal&#8217;s toll revenues have dipped by about $100 million per month since last October, the canal&#8217;s administrator said on Wednesday, adding that if the trend continues reduced income from tolls could total some $700 million by around April. The falling revenue stems from drought &hellip;<\/p>\n","protected":false},"author":1,"featured_media":37722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[64],"tags":[],"class_list":["post-37721","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-maritime-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/37721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=37721"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/37721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/37722"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=37721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=37721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=37721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}