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

People & Company News

ICC Appoints Ximena Tapias Delporte as Vice-Chair

The International Chamber of Commerce (ICC) is pleased to announce the appointment of Ximena Tapias Delporte as Vice-Chair of the ICC Commission on Marketing and Advertising.

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Search for Flight MH370: Update

Australia's Joint Agency Coordination Centre (JACC) says that a bathymetric survey of the 60,000km2 search area is well underway, with two vessels, the Australian-contracted

Contracts

Russian Navy Expansion Gathers Momentum

The Russian Navy celebrates its professional holiday by putting two new submarines into service and expects a new warship in the fall and several additional ships

Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only,

Costa Concordia Arrives Genoa for Demolition

Crowley Maritime Corp. subsidiary TITAN Salvage and project partner Micoperi has confirmed that the Costa Concordia – the Concordia-class cruise ship that wrecked off Giglio Island,

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Shipbuilding / Vessel Construction 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: 0.1212 sec (8 req/sec)