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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

India's Naval Help to Small Indian Ocean Nations

Indian Prime Minister Narendra Modi assigned senior officials in the Ministry of Defence with a task to “identify” and “support” maritime needs of smaller nations

Australia Announces Patrol Boat Tender

Tender announced for Pacific Patrol Boat Replacement Project   The Australian Government announced a Request for Tender (RFT) to replace the Pacific Patrol Boats

6 NATO Ships Begin Joint Black Sea Exercise

Six NATO warships, including Turkish, Bulgarian and Romanian vessels, have arrived to the Black Sea to start joint training exercises.    NATO ships assigned

Navigation

St. Lawrence Seaway Opening Date Pushed Back

Tthe opening date for the St. Lawrence Seaway 2015 navigation season has been delayed following review and consideration of factors and conditions affecting safe

NV Charts Relocates US Headquarters

NV Charts has moved its offices and warehousing facilities to centrally-located Deale, Maryland, U.S. In announcing the move, Hasko Scheidt, CEO, said, “As we’ve grown and need room for expansion,

Rushton Gregory Inks Gemeco Marketing Deal

Rushton Gregory Communications announced today the latest addition to its industry-leading client roster, Gemeco Marine. Based in Lake City, South Carolina,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.1161 sec (9 req/sec)