Panama Canal Authority Reduces Time

Thursday, November 21, 2002
The Panama Canal Authority (ACP) announced that it has reduced by 16.6 percent, the time a vessel spends in Canal waters until it completes its transit through the waterway. The average Canal Waters Time (CWT) for 2001-2002 was 26.2 hours, compared to an average CWT of 31.4 hours for 1999-2000. The difference represents a 5.2-hour average savings to vessels on each trip through the Canal. Moreover, the reduction was more dramatic for shippers using the Canal's "reservation system," where ships are able to reserve an exact date to transit the Canal, resulting in precise scheduling. Ships that employed the reservation system took only 18.6 hours to transit the Canal. "Reducing the passage time for vessels saves our customers a lot of money in fuel and other costs and it allows them to get their goods to the market faster. We are running the Canal like a business -- with a market-oriented approach -- so we are constantly striving to improve services and provide new products for our customers. I give credit to our management team for their tenacious efforts to enhance Canal operations and increase the reliability of our service," said ACP Administrator Alberto Alemán Zubieta. The ACP attributed the reduction to, in part, its permanent modernization program, which has recently widened the Gaillard Cut, increased the Canal's locomotive fleet from 80 to 100, and acquired more powerful and maneuverable tugs.
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets.

No Lift for Konecranes as Q1 2014 Profit Slips

Finnish crane maker Konecranes on Thursday reported a 32-percent fall in its core quarterly operating profit amid slow demand and tight competition. January-March 2014 operating profit,

GulfMark Offshore Records Highest Ever Q1 Revenue

Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever,

 
 
Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Sonar Winch
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: 0.1168 sec (9 req/sec)