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 Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

World’s Largest Boxship is DNV GL classed

CSCL Globe, the world’s largest containership and the first of a series of five 19,100 TEU containerships ordered by China Shipping Container Lines (CSCL) in 2013,

New Players in Singapore Markets in OW's Absence

The downfall of a leading marine fuel supplier that prompted sellers to tighten credit terms in Singapore is skewing the post-OW Bunker jostle for market share

Japan Military Wants China "Crisis Management" Pact

Japan's highest-ranking military officer on Friday urged an early start to a "crisis management" mechanism with China amid conflicting claims to a group of tiny East China Sea islands.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1737 sec (6 req/sec)