The Panama Canal Administration delivers contributions directly to the national treasury

The event took place at the facilities of the Fleet and Equipment Administration and Maintenance Division (Atlantic sector), where the President of the Republic José Raúl Mulino was presented with the contributions to the state by ten canal employees who represented the Canal workforce.

This contribution reflects the dedication of thousands of workers who, through their daily efforts, ensure the efficient and safe operations of the canal.

As part of the main event, a tour of the dry dock facilities (where the canal’s industrial equipment is maintained) was included. In addition to the President of the Republic attendees included: The Minister for Canal Affairs José Ramón Icaza; the Minister of Economy Felipe Chapman; the Canal Administrator Ricaurte Vásquez Morales; and the Deputy Administrator of the Canal Ilya Espino de Marotta, among other special guests.

Following the approval of the ACP’s financial statements for the fiscal year from October 1, 2024, to September 30, 2025, the board of directors declared B/. 2.372 billion as the economic surplus from canal operations, in addition to B/. 591 million corresponding to transit tonnage fees.

Among these direct contributions, B/. 2 million accounted for public services provided by the state. These contributions reflect the interoceanic waterway’s outstanding performance during FY2025, marked by a return to normal lake levels, which allowed for a draft of 50 feet to be maintained even during the dry season. As a result, the average number of daily transits reached 33 compared to 27, recorded during the previous year which was impacted by the El Niño phenomenon.

President José Raúl Mulino congratulated the Panama Canal workforce for their performance throughout a year marked by significant challenges. Demonstrating, once again, Panamanians’ ability to face and overcome complex challenges including those that arise from climate change.

With this transfer of funds, that took place for the first time in the Colón Province, the Panama Canal Administration reaffirmed that the contribution to the country was the result of the work and commitment of its employees to contribute to Panama’s comprehensive development.

Read the article online at: https://www.drybulkmagazine.com/shipping/18122025/the-panama-canal-administration-delivers-contributions-directly-to-the-national-treasury/