{"id":40515,"date":"2023-09-05T17:10:58","date_gmt":"2023-09-05T22:10:58","guid":{"rendered":"https:\/\/pancanal.com\/?p=40515"},"modified":"2023-09-20T15:03:41","modified_gmt":"2023-09-20T20:03:41","slug":"maritime-industry-continues-to-prefer-route-through-panama","status":"publish","type":"post","link":"https:\/\/pancanal.com\/en\/maritime-industry-continues-to-prefer-route-through-panama\/","title":{"rendered":"Maritime industry continues to prefer route through Panama"},"content":{"rendered":"<ul>\n<li>Through August, one month before the end of fiscal year 2023, accumulated tonnage for the year is in line with budget<\/li>\n<li>Waiting lines back to normal<\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-40499 size-large\" title=\"Maritime industry continues to prefer route through Panama \" src=\"https:\/\/pancanal.com\/wp-content\/uploads\/2023\/09\/8a7843d6-c168-9ca8-4a7b-d38012303459-1024x576.jpg\" alt=\"\" width=\"840\" height=\"473\" srcset=\"https:\/\/pancanal.com\/wp-content\/uploads\/2023\/09\/8a7843d6-c168-9ca8-4a7b-d38012303459-1024x576.jpg 1024w, https:\/\/pancanal.com\/wp-content\/uploads\/2023\/09\/8a7843d6-c168-9ca8-4a7b-d38012303459-300x169.jpg 300w, https:\/\/pancanal.com\/wp-content\/uploads\/2023\/09\/8a7843d6-c168-9ca8-4a7b-d38012303459-768x432.jpg 768w, https:\/\/pancanal.com\/wp-content\/uploads\/2023\/09\/8a7843d6-c168-9ca8-4a7b-d38012303459.jpg 1200w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 1362px) 62vw, 840px\" \/><\/p>\n<p>The Panama Canal announced that the queue of vessels waiting to transit has shown improvement. Standing at 108 at both entrances to the waterway, there are 20% less vessels waiting in total since last week (135), which is normal for this time of year.<\/p>\n<p>An extended dry season and the El Ni\u00f1o phenomenon caused the Panama Canal to implement measures earlier this year to save water, in order to maintain high reliability levels. While these measures and the season\u2019s high vessel demand have had an impact on waiting times for some \u2013mostly for vessels without reservations\u2014 such demand underscores the maritime industry&#8217;s continued preference for the route between the Atlantic and Pacific Oceans.<\/p>\n<p>Results to Date (Fiscal Year 2023 October 1st \u2013 September 30th)<\/p>\n<p>One month before the end of Fiscal Year 2023, the Panama Canal total transits are 799 above budget and 470 million tons have transited the Canal, on budget.<\/p>\n<table width=\"100%\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td><\/td>\n<td><strong>Year-to-Date Aug-2023 <\/strong><\/td>\n<td><strong>VARIANCE<\/strong><\/td>\n<\/tr>\n<tr>\n<td>Transits<\/td>\n<td>13,038<\/td>\n<td>+799<\/td>\n<\/tr>\n<tr>\n<td>Neopanamax<\/td>\n<td>3,327<\/td>\n<td>+48<\/td>\n<\/tr>\n<tr>\n<td>Panamax<\/td>\n<td>8,340<\/td>\n<td>+94<\/td>\n<\/tr>\n<tr>\n<td>Small<\/td>\n<td>1,371<\/td>\n<td>+648<\/td>\n<\/tr>\n<tr>\n<td>Tonnage<\/td>\n<td>470 million<\/td>\n<td>0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The number of vessels on stand-by will depend on market demands. As we approach the peak season at the Panama Canal, and if diminished rainfall patterns remain within projections, a queue of vessels above the usual is expected, but measures taken by the Canal have proven effective. Those measures are:<\/p>\n<ol>\n<li>For the Neopanamax locks, 13.4 meters (44 feet) maximum draft levels (down from an average of 15.2 meters (50 feet) last year.<\/li>\n<li>For the locks,\u00a0an average of 32 transits per day (down from 36)<\/li>\n<\/ol>\n<p>The Panama Canal urges its customers to make reservations to transit, as this allows them to secure a spot.\u00a0Vessels\u00a0without\u00a0reservations transit on a first-come, first-served basis. The Panama Canal makes sure to provide timely information to all its customers.<\/p>\n<p><strong>Lake Levels<\/strong><\/p>\n<p>The lack of rainfall has impacted Gatun Lake, now at 24.2 meters (79.7 feet), compared to 26.6 meters (87.41 feet) in September of previous years.<\/p>\n<p>Generally, the lake ends a normal rainy season at 27.1 meters (89 feet) in November and ends the dry season at the end of April at 25.9 meters (85 feet). Measures taken will be maintained for the remainder of this year and throughout 2024, unless weather conditions change significantly from current forecasts.<\/p>\n<p>Please refer to the following links for current information on Panama Canal transits, lake levels and conditions:<\/p>\n<p><a title=\"https:\/\/pancanal.us14.list-manage.com\/track\/click?u=77e00bbd80ba00c42c1e0da16&amp;id=d4ea157824&amp;e=272a49c29e\" contenteditable=\"false\" href=\"https:\/\/pancanal.us14.list-manage.com\/track\/click?u=77e00bbd80ba00c42c1e0da16&amp;id=d4ea157824&amp;e=272a49c29e\" target=\"_blank\" rel=\"noreferrer noopener\">Vessels in queue for transit in the Panama Canal<\/a><\/p>\n<p><a title=\"https:\/\/pancanal.us14.list-manage.com\/track\/click?u=77e00bbd80ba00c42c1e0da16&amp;id=6dbf999fe5&amp;e=272a49c29e\" contenteditable=\"false\" href=\"https:\/\/pancanal.us14.list-manage.com\/track\/click?u=77e00bbd80ba00c42c1e0da16&amp;id=6dbf999fe5&amp;e=272a49c29e\" target=\"_blank\" rel=\"noreferrer noopener\">Lake levels<\/a><\/p>\n<p><strong>The Panama Canal continues to serve international maritime trade<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-36823 size-full alignnone\" src=\"https:\/\/pancanal.com\/wp-content\/uploads\/2022\/07\/header-CanalConnection-1.jpeg\" alt=\"\" width=\"600\" height=\"201\" srcset=\"https:\/\/pancanal.com\/wp-content\/uploads\/2022\/07\/header-CanalConnection-1.jpeg 600w, https:\/\/pancanal.com\/wp-content\/uploads\/2022\/07\/header-CanalConnection-1-300x101.jpeg 300w\" sizes=\"auto, (max-width: 709px) 85vw, (max-width: 909px) 67vw, (max-width: 984px) 61vw, (max-width: 1362px) 45vw, 600px\" \/><\/p>\n<p><strong>About the Panama Canal Authority (ACP)<\/strong><\/p>\n<p>The Panama Canal Authority (ACP) is an autonomous legal entity of the Republic of Panama in charge of the operation, administration, management, preservation, maintenance, and modernization of the Panama Canal, as well as its activities and related services, so that the Canal may operate in a safe, continuous, efficient manner. For more information, please refer to the ACP&#8217;s website: http:\/\/www.pancanal.com or follow us on Twitter @thepanamacanal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Through August, one month before the end of fiscal year 2023, accumulated tonnage for the year is in line with budget Waiting lines back to normal The Panama Canal announced that the queue of vessels waiting to transit has shown improvement. Standing at 108 at both entrances to the waterway, there are 20% less vessels &hellip; <a href=\"https:\/\/pancanal.com\/en\/maritime-industry-continues-to-prefer-route-through-panama\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Maritime industry continues to prefer route through Panama&#8221;<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":40500,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","_wp_rev_ctl_limit":""},"categories":[98],"tags":[99],"class_list":["post-40515","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-canal-connection-en","tag-canal-connection-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Maritime industry continues to prefer route through Panama - 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