ACP Announces Fiscal Year 2005 Metrics

Friday, October 21, 2005
The Panama Canal Authority (ACP) announced operational metrics for the 2005 fiscal year (FY 05). Year-end statistics reveal a significant drop in Canal Waters Time (CWT), the average time it takes a vessel to navigate the Canal, including waiting time for passage. Moreover, the numbers show a rise in total tonnage and an increase in transits by vessels 900 feet or more in length overall. The ACP's fiscal year runs from October to September. Overall CWT for Panama Canal transits dropped 7.8 percent, compared to statistics from the 2004 fiscal year - to 24.58 hours from 26.66 hours. CWT for booked vessels (those ships holding reservations) remained the same at 16.4 hours. Booked vessels account for more than 50 percent of oceangoing transits. Utilization of the booking system increased to 91.3 percent from 86.9 percent in FY 04. This fiscal year, the ACP set a Canal record by transiting 279.1 million Panama Canal/Universal Measurement System (PC/UMS) tons of cargo (from 266.9 million PC/UMS tons in FY 04). This 4.5 percent increase represents a difference of 12.2 million more PC/UMS tons. Overall transits remained steady at 14,011 from 14,035 in FY 04. Notwithstanding, the Canal saw a rise in transits by vessels 900 feet or more in length overall. Transits by these vessels increased 10.1 percent - to 1,310 transits from 1,190. The positive numbers are largely attributed to the increased use of container vessels by shippers to transport goods to market - 97.8 million PC/UMS tons transited the Canal on containers in FY 05, a 13.1 percent increase over FY 04. Containers were followed by the dry grain segment, transiting 55.1 million PC/UMS tons in FY 05.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Prime Minister Solberg Visits DNV GL

Norway’s Prime Minister Erna Solberg visited DNV GL Høvik yesterday, September 16. Group President & CEO Henrik Madsen was host. “The Prime Minister was both

MARAD to Mark the Return of MV Cape Ray

Maritime (MARAD) Administrator Paul N. Jaenichen will host a ceremony on Friday, September 19, 2014 in Portsmouth, Va. to honor the civilian crew who helped to

Houston Shipping and Offshore Conference Program Announced

The fourth Houston Shipping and Offshore Conference has announced the final program for its Friday, October 10 conference at the Houstonian Hotel, Club & Spa, 111 N.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.5659 sec (2 req/sec)