Panama Canal Authority Releases Q3 Metrics

Monday, August 06, 2007
The Panama Canal Authority (ACP) released third quarter (Q3) operational metrics for fiscal year 2007. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal including waiting time for passage, decreased. In Q3, there was also a minor decrease in net tonnage, total transits and booking slot utilization. These metrics are based on operations from April through June of 2007, the third quarter of the ACP's 2007 fiscal year, and compared to Q3 of fiscal year 2006. Panama Canal/Universal Measurement System (PC/UMS) tonnage decreased 0.3 percent - to 75.6m PC/UMS tons from 75.9 million PC/UMS tons. Total Canal transits also decreased 0.3 percent - to 3,727 transits from 3,737. Transit of full container vessels increased 10.7 percent, while Panamax transits, the widest vessels to cross the Canal, decreased 3.2 percent - to 1,494 transits from 1,544. Of these, the transit of Panamax vessels with an overall length greater than 900 feet increased 2.9 percent - to 427 transits from 415.

During Q3, there was also a decrease in traffic of supers (vessels 91 feet or more in beam). Transits of supers decreased a gradual 0.1 percent - to 1,856 transits from 1,858. Due to the size of the vessel, supers require more time and resources to transit the waterway. CWT of all Canal transits decreased 37 percent during Q3 - to 24.50 hours from 38.90. CWT has declined in part due to the ongoing implementation of more efficient operational systems, investments and enhancements to the waterway. The official accidents rate per 1,000 transits remained stable at 0.535. An official accident is one in which a formal investigation is requested and conducted. Utilization of the Canal's booking system experienced a 0.5 percent decrease during Q3 - to 94.9 percent utilization from 95.4 percent.

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

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Contracts

Ezra Bags $70m in Offshore Contracts

Ezra Holdings Limited, a leading contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the Group’s Subsea Services division,

Clean Marine Wins New Contract

Clean Marine has been selected by Hyundai Mipo Dockyard in South Korea to supply exhaust gas cleaning systems (EGCS) for two new MR tankers. IMO’s convention

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Simulators
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: 0.3961 sec (3 req/sec)