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Asia-USEC trade helps Panama Canal to new transit record

Asia-USEC trade helps Panama Canal to new transit record

Panama City: A strong surge in the Asia - US East Coast container trade helped the Panama Canal Authority (ACP) set a new monthly transit record in October for ships spanning 900 feet or more in length.

A total of 164 ships of these dimensions transited the Canal last month, breaking the previous record of 159 ships, achieved in December 2006. The daily average for registered ships 900 feet or more in length transiting the Canal in October was 5.29 per day, surpassing the previous record of 5.17 per day, reached in November 2006.

The ACP partly attributes the growing number of large container vessels transiting the Canal to its "customer-focused business model" that encourages Asai-USEC trade and to the "heightened efficiency" of its workforce, both which it says have helped lead to rapidly increased demand for the waterway's services.  [16/11/07]

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