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Panama Canal Sets New Monthly Tonnage Recordá

Date: 06-FEB-2017

Panama City, Panama, February 6, 2017 - In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks.

The previous record was established the month prior, in December 2016, when 1,166 ships transited the waterway for a total of 35.4 million PC/UMS.

"This increase reiterates the importance of the Expanded Canal, and it's further proof of the maritime industry's continued confidence in the Panama Canal and the impact it will have on the future of global trade," said the Panama Canal Administrator Jorge L. Quijano.

Prior to the inauguration of the Expanded Canal on June 26, 2016, the monthly tonnage record was 30.4 million PC/UMS, which was set in October 2014.

Seven months after the beginning of operations, the Expanded Canal has already transited more than 750 Neopanamax vessels - more than 50 percent of which were container ships. In addition, the Expanded Canal has accommodated liquefied petroleum gas (LPG) and liquefied natural gas (LNG) vessels, as well as bulk carriers, tankers and vehicle carriers.

In April 2017, the Expanded Canal will continue to impact world maritime trade with the passage of the first Neopanamax cruise vessel. Neopanamax passenger vessels are capable of transporting up to 4,000 passengers, nearly twice as much as the Panamax vessels able to transit the original locks.

About the Panama Canal Authority
The Panama Canal is run by an autonomous agency of the Government of Panama in charge of managing, operating and maintaining the Panama Canal. The operation of the Panama Canal Authority (ACP) is based on its organic law and the regulations approved by its Board of Directors. For more information, please refer to the ACP's website: http://www.pancanal.com or follow us on Twitter @thepanamacanal.

About the Panama Canal Expansion
The Panama Canal Expansion is the largest enhancement project since the Canal's opening in 1914. Considered and analyzed for a decade with more than 100 studies, the Expanded Canal provides the world's shippers, retailers, manufacturers and consumers with greater shipping options, better maritime service, enhanced logistics and supply-chain reliability. The Expansion included the construction of a new set of locks on the Atlantic and Pacific sides of the waterway, creating a third lane of traffic and doubling the cargo capacity of the waterway. While the expanded locks are 70 feet wider and 18 feet deeper than those in the original Canal, they use less water due to water-savings basins that recycle 60 percent of the water used per transit. In line with its commitment to customer service, the Panama Canal will continue to provide the world with value for another century and beyond.
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