Panama Canal Authority Releases Q1 Operational Metrics

Wednesday, February 28, 2007
The Panama Canal Authority (ACP) released first quarter (Q1) operational metrics today for fiscal year 2007. In Q1, there was an increase in net tonnage, total transits and transits of supers (vessels 91 feet or more in beam). No official accidents occurred this quarter. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal including waiting time for passage, increased, as well as booking slot utilization. These metrics are based on operations from October through December of 2006, the first quarter of the ACP's 2007 fiscal year, and compared to Q1 of fiscal year 2006.

Panama Canal/Universal Measurement System (PC/UMS) tonnage increased 11.7 percent – to 79.9 million PC/UMS tons from 71.5 million PC/UMS tons. In addition to a spike in tonnage, the Canal experienced an increase in traffic. Total Canal transits increased eight percent – to 3,568 transits from 3,299. Moreover, transits of supers, larger ships that require greater time and navigation skills to transit the Canal, increased 14.6 percent – to 1,968 transits from 1,718.

There were no official accidents in Q1, while there was one accident in Q1 fiscal year 2006. An official accident is one in which a formal investigation is requested and conducted. Overall CWT increased 45.7 percent – to 29.97 hours from 20.57 hours. The rise in CWT can be attributed to the increased demand, the mix in size of vessels that transit the waterway and the fact that this fiscal year there were 11 days of work on the center culvert at Gatún Locks, which reduced capacity during that time. Additionally, the passenger vessels season which runs each year from October to May, was also at its peak during Q1. CWT for booked vessels (those ships holding reservations) increased by 10.8 percent – from 15.51 hours to 17.20 hours. Utilization of the booking system increased seven percent – to 95 percent utilization from 88.8 percent. The ACP continues to modify its booking system to respond to new trends.

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

People & Company News

Madsen to Chair Norway’s Research Council Executive Board

Henrik O. Madsen appointed chairman of the executive board of the Research Council of Norway   DNV GL president and CEO Henrik O. Madsen was appointed as chairman

Port of Houston Expecting Record Year

The Port of Houston Authority is expecting 2014 to close as a banner year for the port, with 34 million tons of cargo handled through November, Executive Director

Hapag-Lloyd Completes CSAV Merger Capital Increase

Hapag-Lloyd completed the planned capital increase of EUR 370 million (approximately $452.5 million) as part of the business combination with the Chilean shipping

Coast Guard

USCG on Cuba Policy Changes

The U.S. Coast Guard missions and operations in the Southeast remain unchanged. The Coast Guard strongly discourages attempts to illegally enter the country by taking to the sea.

USCG Says Unaffected by Cuba Policy Changes

The U.S. Coast Guard (USCG) issued a statement today stating that the United States’ Cuba policy change will not impact its missions annd operations. “Coast Guard

Italian Shipbuilder Pleads Guilty to Environmental Crimes

An Italian shipping firm based in Genoa, Italy, pleaded guilty to violating the Act to Prevent Pollution from Ships by falsifying required ships’ documents to hide

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Salvage Ship Repair Ship Simulators 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: 0.1896 sec (5 req/sec)