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Panama Canal Authority releases first quarter……
Announce time：
2006-1-25
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PANAMA CITY — The Panama Canal Authority (ACP) has announced first quarter (Q1) operational metrics for fiscal year 2006. Canal Waters Time (CWT), the average time it takes a vessel to transit the canal including waiting time for passage, decreased 16.1 percent - to 20.57 hours from 24.51 hours. Compared to first quarter metrics for fiscal year 2004, CWT has decreased by nearly a third. Moreover, CWT for booked vessels (those ships holding reservations) decreased as well by nearly seven percent - to 15.51 hours from 16.66 hours. Panama Canal/Universal Measurement System (PC/UMS) tonnage increased 1.3 percent - to 71.5 million PC/UMS tons from 70.2 million PC/UMS tons. Utilization of the booking system increased 3.1 percent - to 88.8 percent of available slots being booked from 85.7 percent. The official accident rate decreased to 0.33 accidents per 1,100 transits from 0.65 accidents per 1,100 transits in FY 05. An official accident is one in which a formal investigation is requested and conducted. This quarter, overall canal transits decreased 1.9 percent - to 3,299 transits from 3,363, though PC/UMS tonnage increased on account of larger vessels choosing the Panama Canal. Transits by vessels 900 feet or more in length overall, however, increased 11.4 percent - to 643 from 577.
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