ACP Releases Second Quarter Metrics

Monday, June 11, 2007
The Panama Canal Authority (ACP) released second quarter (Q2) operational metrics today for fiscal year 2007. In Q2, there was an increase in net tonnage, total transits and booking slot utilization. There was also an increase in official accidents. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal including waiting time for passage, decreased. These metrics are based on operations from January through March of 2007, the second quarter of the ACP's 2007 fiscal year, and compared to Q2 of fiscal year 2006.

Panama Canal/Universal Measurement System (PC/UMS) tonnage increased 6.30 percent - to 79.7 million PC/UMS tons from 75 million PC/UMS tons. The steady climb in tonnage was complemented by an increase in traffic, including transits of Panamax vessels (the largest vessel that can transit the Canal). Total Canal transits increased 4.7 percent - to 4,052 transits from 3,869. Transits of Panamax vessels increased 3.90 percent - to 1,559 transits from 1,501.

During Q2, there was also an increase in traffic of supers (vessels 91 feet or more in beam) and container vessels. Transits of supers increased 8.7 percent - to 1,930 transits from 1,776. Due to its size, supers require more time and resources to transit the waterway. Additionally, transits of container vessels swelled by 12.8 percent - to 880 vessels from 780.

Despite an increase in total transits, CWT decreased 8.80 percent - to 27.43 hours from 30.09 hours. Five official accidents occurred during Q2, compared to four accidents during the same period of the previous fiscal year. Of note, the cumulative number of accidents for the entire fiscal year is currently five, which equals the cumulative number for that same period of the previous year. An official accident is one in which a formal investigation is requested and conducted. Utilization of the Canal's booking system experienced a gradual 0.5 percent increase during Q2 - to 94.9 percent utilization from 94.5 percent.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Euroseas Sells C/V Marinos

Euroseas Ltd.  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes,

Bill on Danish Maritime Planning Submitted

The bill is to form the basis of a maritime planning act intended to promote economic growth and development of sea areas. The Danish Maritime Authority is to head the work.

Plans to Create Rio Doce Fund

Vale and BHP Billiton announced today plans to work together, with Samarco, to establish a voluntary, non-profit fund to support the rescue and recuperation of the Rio Doce river system,

Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | 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: 0.1312 sec (8 req/sec)