{"id":7443,"date":"2004-10-28T06:07:17","date_gmt":"2004-10-28T06:07:17","guid":{"rendered":"https:\/\/pancanal.com\/en\/?p=7443"},"modified":"2021-09-11T05:25:49","modified_gmt":"2021-09-11T05:25:49","slug":"acp-announces-fourth-quarter-2004-metrics","status":"publish","type":"post","link":"https:\/\/pancanal.com\/en\/acp-announces-fourth-quarter-2004-metrics\/","title":{"rendered":"ACP Announces Fourth Quarter 2004 Metrics"},"content":{"rendered":"

DECREASE IN CANAL WATERS TIME; RISE IN TONNAGE;<\/em>
\nINCREASE IN PANAMAX VESSEL TRANSITS<\/em><\/p>\n

PANAMA CITY, Panama, October 28, 2004 \u2013<\/b>The Panama Canal Authority (ACP) announced today fourth quarter (Q4) operational metrics for fiscal year 2004. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal including waiting time for passage, decreased this quarter, while tonnage increased and Panamax vessel (the maximum size vessel that can pass through the Canal) transits grew. These metrics are based on operations from July through September 2004, the fourth and final quarter of the ACP\u2019s 2004 fiscal year.<\/p>\n

As the ACP continues to run the Canal as a market-oriented business \u2013 focused on its customers and its stakeholders \u2013 these Q4 metrics indicate improved safety, reliability and efficiency.<\/p>\n

Total CWT decreased in Q4 by 4.8 percent \u2013 to 25.5 hours from 26.8 hours in Q4 FY2003. CWT for booked vessels, those ships holding reservations, decreased 3.3 percent \u2013 to 16.6 from17.1 hours in Q4 FY2003. Booked vessels account for 50 percent of all Canal transits. Moreover, utilization of the booking system (use of the available slots) increased 7.5 percent \u2013 to 86 percent from 80 percent in Q4 FY2003.<\/p>\n

Total transits increased 5.4 percent \u2013 to 3,159 transits this quarter from 2,996 reported in Q4 FY2003. Among these transits, there was a 10.2 percent boost in Panamax vessel traffic \u2013 to 1,289 vessels from 1,170. In addition to increased transits, more tonnage was moved through the Canal this quarter. Panama Canal\/Universal Measurement System (PC\/UMS) tonnage increased this quarter by 9.7 percent \u2013 to 63,821,865 PC\/UMS tons compared with 58,170,412 PC\/UMS tons reported in Q4 FY2003.<\/p>\n

Total revenue for Q4 FY2004 increased 9.7 percent \u2013 to $181,333,251 from $165,318,300 in Q4 FY2003.<\/p>\n

\u201cMore transits, more tonnage and a drop in the time ships take to transit the Canal: quite a feat,\u201d said ACP CEO Alberto Alem\u00e1n Zubieta. \u201cAs we close this quarter, ending the 2004 fiscal year, we begin a new year committed to further enhancing the Canal\u2019s reliability, efficiency and safety.\u201d<\/p>\n

Official accidents reported in Q4 remained the same from those reported for Q4 FY2003: three. However, given the 5.4 percent increase in traffic this quarter, the three accidents represent an improvement to last year when looking at accidents per 1,000 transits, decreasing 5.2 percent \u2013 to 0.95 accident per 1,000 from 1.00 accident per 1,000. An official accident is one in which a formal investigation is requested and conducted.<\/p>\n

About the Panama Canal Authority (ACP)<\/strong>
\nThe ACP is the autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the ACP is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP\u2019s website: http:\/\/www.pancanal.com\/<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

DECREASE IN CANAL WATERS TIME; RISE IN TONNAGE; INCREASE IN PANAMAX VESSEL TRANSITS PANAMA CITY, Panama, October 28, 2004 \u2013The Panama Canal Authority (ACP) announced today fourth quarter (Q4) operational metrics for fiscal year 2004. Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal including waiting time for passage, … Continue reading “ACP Announces Fourth Quarter 2004 Metrics”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","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":[1],"tags":[],"class_list":["post-7443","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"yoast_head":"\nACP Announces Fourth Quarter 2004 Metrics - Autoridad del Canal de Panam\u00e1<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pancanal.com\/en\/acp-announces-fourth-quarter-2004-metrics\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ACP Announces Fourth Quarter 2004 Metrics - Autoridad del Canal de Panam\u00e1\" \/>\n<meta property=\"og:description\" content=\"DECREASE IN CANAL WATERS TIME; RISE IN TONNAGE; INCREASE IN PANAMAX VESSEL TRANSITS PANAMA CITY, Panama, October 28, 2004 \u2013The Panama Canal Authority (ACP) announced today fourth quarter (Q4) operational metrics for fiscal year 2004. 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