Panama Canal Releases 3Q Numbers

Tuesday, August 30, 2005
The Panama Canal Authority (ACP) announced third quarter (Q3) operational metrics for fiscal year 2005. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal, including waiting time for passage, dropped significantly, while CWT for booked transits remained steady. Panama Canal/Universal Measurement System (PC/UMS) tonnage increased, along with transits of Panamax vessels, the largest vessel that can pass through the Canal. Q3 also saw an increase in use of the booking system, as well as an increase in overall transits. These metrics are based on the third quarter of the ACP's 2005 fiscal year, April-June 2005, as compared with last year.The Panama Canal experienced a decline in CWT in Q3, plummeting 15.3 percent - to 23.65 hours from 27.93 hours. For booked transits, CWT did not materially change, increasing just 0.1 percent - to 16.45 hours from 16.43 hours. The drop in CWT can be attributed to ACP efforts in lessening the impact of maintenance at the Locks on customers. The implementation of new lockage and maintenance methodologies, while rehabilitation work of the locomotive tow track is performed, has reduced the need to incur a full closure of a Lock's lane, allowing, where applicable, for rehabilitation work to carry on with little or no impact in levels of service."We at the Panama Canal are really proud of this quarter's numbers. The drop in CWT is evidence of the dedication our world-class employees place in developing and implementing temporary operational methodologies to maintain quality service, while performing the needed maintenance and improvements to the plant as part of our permanent modernization efforts. These projects bolster capacity and help make the Canal run well," said ACP Maritime Operations Director Jorge L. Quijano. In Q3, PC/UMS tonnage increased 5.4 percent - to 71.9 million PC/UMS tons from 68.2 million PC/UMS tons. Panamax vessel transits increased 4.6 percent - to 43.0 percent from 41.2 percent, while overall transits increased by .2 percent - to 3,739 transits from 3,732 transits.The official accident ratio increased to 0.80 accidents per 1,000 transits in Q3 FY2005 from 0.54 accidents per 1,000 transits in Q3 FY2004. An official accident is one in which a formal investigation is requested and conducted. Use of the booking system increased 4.5 percent - to 93.9 percent from 89.8 percent. Booked transits are those where the vessels reserve and are guaranteed a transit on a specific date. *All statistics are made in comparison to the same period (Q3) of the ACP's 2004 fiscal year.
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

Today in U.S. Naval History: September 2

Today in U.S. Naval History - September 2 1918 - Navy ships and crews assist earthquake victims of Yokohama and Tokyo, Japan 1940 - Destroyer-for-Bases agreement between U.

STS Young Endeavour Prepares for World Voyage

The Royal Australian Navy operated Sail Training Ship, Young Endeavour, is undergoing maintenance work in preparation for a 12-month world circumnavigation. It

Newport News Selects Paramarine Design Software

QinetiQ’s Paramarine Ship and Submersible Design Software has been selected by Newport News Shipbuilding (NSS) as its primary naval architectural software. QinetiQ

Navigation

NavStation to Launch at SMM

Touch screen technology has transformed everyday life and now, thanks to Norwegian e-navigation specialist NAVTOR, it is set to revolutionize operations onboard busy vessel bridges.

VIKING Saatsea Puts Crew Training in its Place

VIKING Saatsea will be at SMM 2014 to showcase the revolution it has brought about in crew training – moving everything on board to cut costs, speed up certification,

BCG Releases PCVM Emulation

Buffalo Computer Graphics (BCG) Inc. announced the addition of another emulation product to its family of Radar Simulators. BCG has completed an emulation of the VisionMaster FT radar – our PCVM.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.1569 sec (6 req/sec)