Panama Canal Sets Cargo Record

Thursday, March 18, 2004
On March 16 the Panama Canal Authority (ACP) set a new significant record. More than one million (1,005,551) Panama Canal/Universal Measurement System (PC/UMS) tons of cargo were transported through the Canal. This new record breaks the recent July 3, 2003 figure of a recorded 934,488 PC/UMS tons of cargo.

Contributing to the tonnage were the Canal traffic of seven container vessels, 11 dry bulk carriers, four vehicle carriers and three cruise ships. Of the seven container vessels, five were 900 feet long. And, of the cruise ships, one ship was 900 feet long and another measured 800 feet. In addition, total Canal revenue, generated from tolls, exceeded three and one half million dollars - totaling $3,563,490.55.

"We are very pleased with the new record we have set," said ACP Administrator Alberto Alemán Zubieta. "This clearly proves the Panama Canal's reliability as the route of choice among shippers sending goods to market from Asia to the U.S. East Coast and vice-versa," Alemán added.

This new record is a testament to the Canal's successful permanent modernization program, rendering results of greater Canal efficiency and decreased Canal Waters Time (CWT), which ultimately leads to increased capacity. Such projects within the program include: the widening of the Gaillard Cut, the acquisition of new locomotives and the rehabilitation of the locomotive tracks, the addition of new tugboats and the deepening of Gatun Lake.

Maritime Reporter August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Fuels & Lubes

Kurdish Crude Oil Tankships: End-Game Still in Doubt

After a legal show-down in Texas this week, the outlook for a handful of tankers holding some $300 million worth of Kurdish oil is not looking good. Seemingly

Korea Shipbuilder Wins US$400-M Greek Order

Daewoo Shipbuilding & Marine Engineering Co., South Korea’s second-largest shipbuilder, says it has signed a contract to build 4 tankships for Maran Tankers Management,

Enterprise to Expand Houston Ethane Export Terminal

Enterprise Products Partners LP said it was looking at expanding the ethane export facility it is building on the Houston Ship Channel after winning another transport contract.

 
 
Maritime Contracts Maritime Standards Pod Propulsion Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.0892 sec (11 req/sec)