Panama Canal sets yearly tonnage record
Friday, October 12 2012 @ 04:40 PM UTC
Contributed by: Don Winner
This figure represents an increase of 11.6 million Panama Canal tons or 3.6 percent compared to the 322.1 million tons registered last year, and also surpasses the previous 2007 record of 312.9 million tons. Under PC/UMS, a mathematical formula is applied to the vessel’s total volume or cargo carrying capacity.
“This milestone attests to the reliable and continuous service offered by the Canal, which is supported by a workforce of 10,000 men and women,” said ACP Administrator/CEO Jorge Luis Quijano.
“The Panama Canal works tirelessly to provide its customers with first-rate service, including new products and services in response to their evolving shipping and maritime needs.”
During fiscal year 2012, Canal Waters Time (CWT) averaged 25.66 hours. The top market segments during this fiscal year were full container vessels with 119.8 million Panama Canal tons, followed by dry bulk carriers and tankers, which were registered at 83.4 million Panama Canal tons and 51.6 million Panama Canal tons respectively.
The Panama Canal’s fiscal year runs from October 1st to September 30th.