panama canal expansion trade impacts | march 2011

8132019 Panama Canal Expansion Trade Impacts | March 2011

httpslidepdfcomreaderfullpanama-canal-expansion-trade-impacts-march-2011 171

Expansion of the Panama Canal

Potential Impact


Potential ImpactRodolfo Sabonge

Vicepresident Market Research and Analysis

Panama Canal AuthorityMarch 2011



CaliforniaCalifornia

1855 ndash Construction of the Transisthmian Railroad

across Panama was a Game Changer





CONSTRUCTION OF THE

PANAMA CANAL WAS AGAME CHANGER FORWORLD TRADE

CONSTRUCTION OF THE




1915 - 2010Total Number of Transits 1000972Amount of Cargo 8587711605 LT


CONSTRUCTION OF THE


CONSTRUCTION OF THE




0

50

100

150

200

250

300

350

0

5000

10000

15000

20000

25000

30000

35000

1 9 1 5

1 9 2 0

1 9 2 5

1 9 3 0

1 9 3 5

1 9 4 0

1 9 4 5

1 9 5 0

1 9 5 5

1 9 6 0

1 9 6 5

1 9 7 0

1 9 7 5

1 9 8 0

1 9 8 5

1 9 9 0

1 9 9 5

2 0 0 0

2 0 0 5

2 0 1 0

Fiscal Year

P C U M S T

o n n a g e i n m

i l l i o n s

FY 2010FY 1995FY 1975FY 1955

3008

14230

Average PCUMS Tonnage forCommercial Transits

T r a n s i t s

4832 9931 18940 23889



The Panama Canal - 2011The Panama Canal - 2011




GAME CHANGER POTENTIALGAME CHANGER POTENTIAL



335 m (110rsquo)335 m (110rsquo)

323 m (106rsquo)323 m (106rsquo)

128 m (42rsquo)

55 m (180rsquo)55 m (180rsquo)


183 m (60rsquo)

124 m(395rsquo)124 m(395rsquo)

152 m(50rsquo)

152 m(50rsquo)

Existing Locks Max Vessel size Existing Locks Max Vessel size 4400 TEU 4400 TEU

New Locks Max Vessel size New Locks Max Vessel size 12600 ndash 14500 TEU 12600 ndash 14500 TEU



0-5000 teu 5-10000 teu 10000+ teu

Container Fleet Capacity and Vessel Size

Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160

Source Clarksonrsquos Research Studies 2011

2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160





Source ACP Route Competitive Analysis Model February 2011Note Utilization - 87 full and 7 empty

Estimated Service Cost for a Full Container vessel from Asia to East Coast United States (one way)

Vessel Fuel Charter Ports Canal Cargo Handling Service Cost

4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669

Estimated Unit Cost per TEU for a Full Container vessel from Asia to East Coast United States (one way)

Vessel Fuel Charter Ports Canal Cargo Handling Cost per TEU

4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991

Economies of scale derived from the use of

larger container carriers through the PanamaCanal







Impact of Expansion on Container Services(Lines Perspective)






The expansion will extend theCanalrsquos area of influence





Port Development in Panama

1996 235K TEUs2010 56M TEUs2015 84M TEUs(P)

Panama Ports Company ndash

Cristobal

Colon Container Terminal Manzanillo International Terminal

(MIT)

Panama Ports Company -

Balboa



Source The Economist



80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015

NAmerica NEurope SEurope Far East CaribCAmerica SAmerica

YoY change per region (2008 = 100)



N

C

S

E

NETWORK ECONOMIESNETWORK ECONOMIESLONG DISTANCE amp HIGH DENSITY LARGE VEHICLE

SHORT DISTANCE amp LOW DENSITY SMALL VEHICLE

LONG DISTANCE amp HIGH DENSITY LARGE VEHICLE

SHORT DISTANCE amp LOW DENSITY SMALL VEHICLENC

S

W



21

N

C

S

E





S

W



Principal Ports close to Panama

Ports Distance Time

Nautical Miles DaysBuenaventura Colombia 393 09Santo Tomaacutes Guatemala 824 18Puerto Quetzal Guatemala 889 19Puerto Barrios Guatemala 824 18Acajutla El Salvador 830 18Belize 798 17

Caldera Costa Rica 465 10Puerto Limoacuten Costa Rica 192 04Corinto Nicaragua 681 15Puerto Corteacutes Honduras 747 16Puerto de Castilla Honduras 711 16Guayaquil Ecuador 837 18

Kingston Jamaica 555 12Caucedo Repuacuteblica Dominicana 800 18Cartagena Colombia 276 06Santa Marta Colombia 360 08Cabello Venezuela 791 17

Distance from Panama to Shanghai 8571 time 187 daysSource Fairplay Distance Tables



EAST-WEST POST-PANAMAX MOVEMENT

C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO

LAZARO CARDENASACAPULCO

SALINACRUZSAN JOSE

PUERTO QUETZALACAJUTLA

LA LIBERTADCORINTO

PUERTO SANDINOPUNTARENAS

CALDERAGOLFITO

PUERTO ARMUELLESBALBOA

BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA

VENTANASVALPARAISOSAN ANTONIOTALCAHUANO

TAMPICOVERACRUZCOATZACUALCOS

BELICE CITYPUERTO CORTESPUERTO CASTILLAPUERTO CABEZASEL BLUFFPUERTO LIMONCHIRIQUI BRANDECRISTOBAL-MIT-EVERGREENCARTAGENABARRANQUILLAPUERTO BOLIVARPUERTO CABELLOLA GUAIRASUAP PCEMRECIFE

Short Sea Shipping NetworkShort Sea Shipping Network







Vessel FuelCharter

costsPorts Canal Cargo Handling Total

Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268

Mini Cape Size - 120000 DWT

(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911

Note Note Route of coal from Baltimore to Xingang China Does not include cost of repositioning the vessel in ballast

Source Based on information from Drewry Consultants Novix Competitive Model and other sources

Estimated Maritime Unit Costs for Drybulker from the US East Coast to China ($Ton)

Estimated Total Maritime Costs for Drybulker from the US East Coast to China

Economies of scale derived from the use oflarger dry bulk carriers through the PanamaCanal




The Impact of CanalExpansion on Dry Bulks


1 The USG-Asia grain trade will take advantage ofexpansion but probably only to vessels of under100000 dwt Likely to benefit Canal routes to remainlower cost than the WCUS gateway

2 Potential for increased trade in coal and iron ore toChina from Colombia and Venezuela







Economies of scale derived from the use oflarger tankers through the Panama Canal


Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal

Products - LR1Panamax - 70000 Dwt $10998910 $13858201 $11720151 $16168771 $6760879 $59506912

Crude - Suezmax - 140000 Dwt $19490534 $23176398 $20343131 $30358040 $13916142 $107284245

Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Estimated Maritime Unit Costs for Tanker from Ecuador to US Gulf ($Ton)

Estimated Total Maritime Costs for Tanker from Ecuador to US Gulf ($Ton)



The Impact of Canal Expansion

on Liquid Bulks


on Liquid Bulks

1 Canal expansion will make Ecuador ndash USG crudeshipments more competitive vs alternative sources(eg ex Nigeria)

2 New trade between Venezuela ndash China could developand trade flows between Asia and USGECSA shouldalso increase

3 The expanded Canal will be the first route choice forLNG trades between Trinidad-Chile and Peru-USGshould these develop The ability of 200000+ cbmLNG tankers to transit will be crucial





Panama ndash Logistic Center of the AmericasPanama ndash Logistic Center of the Americas

Reaching the full potential of its geographical position Reaching the full potential of its geographical position

Competitiveness will be determined by the

most effective and reliable supply chains





Transisthmian

Pipeline

Colon

Free Zone

Fiber Optic Duct Banking

Center

Panama-Pacific

Special Economic

Zone

Real EstateTechnology and

InnovationCenter

Value-Added Components of Panamarsquos

Transportation and Logistics Cluster




Project Status Report


Project Status ReportRodolfo Sabonge

Vicepresident Market Research and AnalysisPanama Canal Authority

March 2011



154

0 50 100 150 200

Executed

Program Total

Million Cubic Meters

628



Comparison of volumes of dry excavation

and dredging required for the existingCanal



Existing locks 200 MmExisting locks 200 MmExisting locks 200 MmExisting locks 200 Mm3333 New locks 155 MmNew locks 155 MmNew locks 155 MmNew locks 155 Mm3333

1886188618861886

1909190919091909



Comparison of the volume of concrete

required the Locks


required the Locks

Existing locks34 Mm3Existing locks34 Mm3

New locks47 Mm3New locks47 Mm3



L o c k s

Activity

Pacific Access Channel ndash Phase 1

Deepening and Widening of Gatun Lake andDeepening of Culebra Cut

Dredging of the Atlantic Entrance

Dredging of the Pacific Entrance

06 2007 2008 2009 2010 2011 2012 2013 2014

Increase Operating Level of Gatuacuten Lake

Expanded Canal Begins Operations

Design amp Build Post-Panamax Locks

4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T 1T 2T 3T 4T

Progress

A c c e s s C h a n n e l

D r e d g i n g

Baseline from December 31 2006 including contingency

Bidding and Contracting ExecutionSpecifications and Design

Baseline Baseline Baseline

Beginning of operationsContingencyagainst baseline

Specifications and Locks Models




Summary Schedule of Main Projects with Baseline and Contingencyas of 31 January 2011

Expansion Program Progress 20

100

100

94

23

42

69

64

4

8

100



Dredging the Northern Entrance to thePacific Access Channel

Dredging Gatun Lakersquos NorthernReaches

Pacific Access Channel - 4

Atlantic Entrance Dredging

Locks

Pacific Access Channel- 3

Pacific Entrance Dredging



25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET

Constructora Urbana SAConstructora Urbana SA

$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET

Dredging InternationalDredging International

$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET

Constructora MECO SAConstructora MECO SA

$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET

JAN DE NUL NVJAN DE NUL NV

$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37

CILSA - MINERA MARIacuteACILSA - MINERA MARIacuteA

BUDGETBUDGET

ICA-FCC-MECOICA-FCC-MECO

$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET

Jan De NulJan De Nul

$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3



Deepening andWidening of the

Atlantic Entrance


Atlantic Entrance

Post-Panamax Locks -Atlantic Side


Post-PanamaxLocks ndash Pacific Side


179 M m179 M m

Deepening and Widening ofGatun Lakersquos and Gaillard Cutrsquos

Navigational Channels

Access Channel for Post-Panamax Locks - Pacific Side

49 M m 3

Deepening andWidening of thePacific Entrance


87 M m 3 87 M m 3

Increasing Gatun LakersquosMaximum Operational Level

267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area

Trifurcation 3Trifurcation 3



Lock head 2

Lock head 2





Concrete Plant ndash 540 m3 per hour





Primary crushers in operation



10 000 t f R b



10000 tons of Rebar

Galley for reinforcing steel storage and bending ndash 126 hectares



Compressors

Power Generators - 20 MW



Concrete Test Block - No 2



983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1

Trifurcation 1 Crossunder 1

Crossunder 1 Trifurcation 2

Trifurcation 2

Crossunder 2Crossunder 2 Lock head 2

Lock head 2












With only 80 kilometers separating the Atlantic and PacificOceans in Panama a modern port system that ranks amongth t d ti h i 3PL d



the most productive warehousing space 3PLs and an

expanded Canal Panama is undoubtedly the best place toconsolidate cargo in the Americas



WHY PANAMAWHY PANAMAWHY PANAMAWHY PANAMA

bull A unique geographic location

bull Established strategic and trading historybull The strategic advantage of the Panama Canal

bull Enhanced connectivity

bull The most active and efficient ports in Latin America

bull World logistics platform

bull Economic and political stability

bull A pro-business government that supports the establishment ofmultinationals

bull US dollar

bull 4th lowest import costs in Latin America

Panama only port of the world with terminals in twoPanama only port of the world with terminals in twoPanama only port of the world with terminals in twoPanama only port of the world with terminals in twooceansoceansoceansoceans



SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe

Long BeachLos Angeles

Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News

Hakata Manzanillo (Mx)

Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura

GuayaquilCallaoArica

Coquimbo

San AntonioSan Vicente

Puerto Limoacuten

Iquique

Manta

AntofagastaValparaiacuteso

Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello

Veracruz ManzanilloColon

Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston

Miami SavannahSavannahYantianYantian

Kwangyang

Hong Kong

PusanPusan

SavannahSavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahSavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaLa GuairaGuanta

Maracaibo

Everglades

Kingston

Miami

Boston

Source ACP and ComPairData

Transit the Canal

Feeder services



GAME CHANGERS REQUIRESTRATEGIC PLANNING


Rodolfo SabongeVicepresident Market Research and AnalysisPanama Canal Authority





CaliforniaCalifornia







CONSTRUCTION OF THE


CONSTRUCTION OF THE






CONSTRUCTION OF THE


CONSTRUCTION OF THE




0

50

100

150

200

250

300

350

0

5000

10000

15000

20000

25000

30000

35000

1 9 1 5

1 9 2 0

1 9 2 5

1 9 3 0

1 9 3 5

1 9 4 0

1 9 4 5

1 9 5 0

1 9 5 5

1 9 6 0

1 9 6 5

1 9 7 0

1 9 7 5

1 9 8 0

1 9 8 5

1 9 9 0

1 9 9 5

2 0 0 0

2 0 0 5

2 0 1 0

Fiscal Year

P C U M S T

o n n a g e i n m

i l l i o n s

FY 2010FY 1995FY 1975FY 1955

3008

14230


T r a n s i t s

4832 9931 18940 23889










335 m (110rsquo)335 m (110rsquo)

323 m (106rsquo)323 m (106rsquo)

128 m (42rsquo)



183 m (60rsquo)


152 m(50rsquo)

152 m(50rsquo)





0-5000 teu 5-10000 teu 10000+ teu


Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160


2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160








4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










CONSTRUCTION OF THE


CONSTRUCTION OF THE






CONSTRUCTION OF THE


CONSTRUCTION OF THE




0

50

100

150

200

250

300

350

0

5000

10000

15000

20000

25000

30000

35000

1 9 1 5

1 9 2 0

1 9 2 5

1 9 3 0

1 9 3 5

1 9 4 0

1 9 4 5

1 9 5 0

1 9 5 5

1 9 6 0

1 9 6 5

1 9 7 0

1 9 7 5

1 9 8 0

1 9 8 5

1 9 9 0

1 9 9 5

2 0 0 0

2 0 0 5

2 0 1 0

Fiscal Year

P C U M S T

o n n a g e i n m

i l l i o n s

FY 2010FY 1995FY 1975FY 1955

3008

14230


T r a n s i t s

4832 9931 18940 23889










335 m (110rsquo)335 m (110rsquo)

323 m (106rsquo)323 m (106rsquo)

128 m (42rsquo)



183 m (60rsquo)


152 m(50rsquo)

152 m(50rsquo)





0-5000 teu 5-10000 teu 10000+ teu


Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160


2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160








4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services












CONSTRUCTION OF THE


CONSTRUCTION OF THE




0

50

100

150

200

250

300

350

0

5000

10000

15000

20000

25000

30000

35000

1 9 1 5

1 9 2 0

1 9 2 5

1 9 3 0

1 9 3 5

1 9 4 0

1 9 4 5

1 9 5 0

1 9 5 5

1 9 6 0

1 9 6 5

1 9 7 0

1 9 7 5

1 9 8 0

1 9 8 5

1 9 9 0

1 9 9 5

2 0 0 0

2 0 0 5

2 0 1 0

Fiscal Year

P C U M S T

o n n a g e i n m

i l l i o n s

FY 2010FY 1995FY 1975FY 1955

3008

14230


T r a n s i t s

4832 9931 18940 23889










335 m (110rsquo)335 m (110rsquo)

323 m (106rsquo)323 m (106rsquo)

128 m (42rsquo)



183 m (60rsquo)


152 m(50rsquo)

152 m(50rsquo)





0-5000 teu 5-10000 teu 10000+ teu


Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160


2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160








4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










0

50

100

150

200

250

300

350

0

5000

10000

15000

20000

25000

30000

35000

1 9 1 5

1 9 2 0

1 9 2 5

1 9 3 0

1 9 3 5

1 9 4 0

1 9 4 5

1 9 5 0

1 9 5 5

1 9 6 0

1 9 6 5

1 9 7 0

1 9 7 5

1 9 8 0

1 9 8 5

1 9 9 0

1 9 9 5

2 0 0 0

2 0 0 5

2 0 1 0

Fiscal Year

P C U M S T

o n n a g e i n m

i l l i o n s

FY 2010FY 1995FY 1975FY 1955

3008

14230


T r a n s i t s

4832 9931 18940 23889










335 m (110rsquo)335 m (110rsquo)

323 m (106rsquo)323 m (106rsquo)

128 m (42rsquo)



183 m (60rsquo)


152 m(50rsquo)

152 m(50rsquo)





0-5000 teu 5-10000 teu 10000+ teu


Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160


2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160








4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services

















335 m (110rsquo)335 m (110rsquo)

323 m (106rsquo)323 m (106rsquo)

128 m (42rsquo)



183 m (60rsquo)


152 m(50rsquo)

152 m(50rsquo)





0-5000 teu 5-10000 teu 10000+ teu


Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160


2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160








4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










0-5000 teu 5-10000 teu 10000+ teu


Composition


Composition

0-4000+ teu 4000-6000+ teu

9830965

983120983149983137983160 983137983150983140

983106983141983148983151983159

15

983120983120983149983137983160

2000

(479 Million TEU)

2000

(479 Million TEU)

2014

(168 Million TEU)

2014

(168 Million TEU)

39830951 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

134 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309756 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

98309604 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

0-5000 teu 5-10000 teu 10000+ teu

125

356

51983097

983120983149983137983160 983137983150983140

983106983141983148983151983159

49830961

983124983151983156983137983148

983120983120983149983137983160


2010

(1378 Million TEU)

2010

(1378 Million TEU)

9830974983097 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

9830959830955 983120983151983155983156 983120983137983150983137983149983137983160 983158983141983155983155983141983148983155

39830952

32

59830976

983120983149983137983160 983137983150983140

983106983141983148983151983159

404 983124983151983156983137983148

983120983120983149983137983160








4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services















4500 TEU $117912935 $44343206 $8600524 $41245000 $151344635 $363446301

5000 TEU $128980796 $49169706 $9216130 $44993000 $168160706 $400520337

8000 TEU $200234953 $84031071 $12909765 $69641000 $269057130 $635873919

12000 TEU $240039539 $105337823 $17834612 $101665000 $403585695 $868462669



4500 TEU $27875 $10483 $2033 $9751 $35779 $85921

5000 TEU $27443 $10462 $1961 $9573 $35779 $85217

8000 TEU $26627 $11174 $1717 $9261 $35779 $84558

12000 TEU $21280 $9338 $1581 $9013 $35779 $76991























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services


























Cristobal


(MIT)


Balboa






80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services













80

90

100

110

120

130

140

150

160

170

2008 2009 2010 2011 2012 2013 2014 2015





N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










N

C

S

E





S

W



21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










21

N

C

S

E





S

W




Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services











Ports Distance Time








C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services











C O N N E

C T I N G

P O R T

S

C O N N E

C T I N G

P O R T

SMANZANILLO


SALINACRUZSAN JOSE


LA LIBERTADCORINTO


CALDERAGOLFITO


BUENAVENTURATUMACO

ESMERALDASGUAYAQUIL

PAITACALLAO

ANTOFAGASTA











Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services














Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization) $659326 $608136 $248265 $189983 $402559 $2108268


(96 of utilization)$844139 $758233 $319662 $233986 $837013 $2993034

Savings $184813 $150097 $71397 $44004 $434454 $884766

Vessel FuelCharter


Panamax - 80000 DWT

(75 of utilization)$1099 $1014 $414 $317 $671 $3514


(96 of utilization)$734 $659 $278 $203 $728 $2603

Savings -$365 -$354 -$136 -$113 $057 -$911





















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services






















Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal



Vessel FuelCharter

CostPorts Canal

Cargo

HandlingTotal








on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services











on Liquid Bulks


on Liquid Bulks
















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services




















Transisthmian

Pipeline

Colon

Free Zone


Center

Panama-Pacific

Special Economic

Zone


InnovationCenter










March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services















March 2011



154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










154

0 50 100 150 200

Executed

Program Total


628








1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services















1886188618861886

1909190919091909




required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services











required the Locks


required the Locks





L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










L o c k s

Activity





06 2007 2008 2009 2010 2011 2012 2013 2014





Progress


D r e d g i n g











100

100

94

23

42

69

64

4

8

100







Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services














Locks





25 50 75 100

BUDGETBUDGET

GUPCSAGUPCSA

$ 34810000000$ 34810000000

$ 3221631384$ 3221631384 - 7

BUDGETBUDGET


$ 61208966$ 61208966

$ 41094000

- 33

BUDGETBUDGET $ 48459296$ 48459296

$ 2548920030 - 47

BUDGETBUDGET


$ 181096000$ 181096000

$ 17750067678$ 17750067678 - 2

BUDGETBUDGET


$ 68067623$ 68067623

$ 3665985228 - 46

BUDGETBUDGET


$ 105821000$ 105821000

$ 89617317$ 89617317 - 15

BUDGETBUDGET


$ 63600000$ 63600000

$ 3998382282 - 37


BUDGETBUDGET


$ 302374000$ 302374000

$ 26779879599$ 26779879599 - 11

BUDGETBUDGET


$ 56527400$ 56527400

$ 54550647$ 54550647 -3



983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










983113983156983141983149 983105983149983151983157983150983156

983109983160983152983148983151983155983145983158983141983155 991251 983111983141983148 1506 983124983151983150983155

983109983160983152983148983151983155983145983158983141983155 991251 983105983149983149983151983150983145983157983149 983118983145983156983154983151983143983141983150 3600 983124983151983150983155

983107983151983150983139983154983141983156983141 4983097 983117 9831493

983107983141983149983141983150983156 983142983151983154 983107983151983150983139983154983141983156983141 112 983117 983124983151983150983155

983120983151983162983162983157983151983148983137983150983137 983142983151983154 983107983151983150983139983154983141983156983141 436000 983124983151983150983155

983122983141983145983150983142983151983154983139983141983149983141983150983156 983155983156983141983141983148 2983095983097 000 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983143983137983156983141983155 4983095200 983124983151983150983155

983123983156983154983157983139983156983157983154983137983148 983155983156983141983141983148 983142983151983154 983158983137983148983158983141983155 20000 983124983151983150983155

17 9 M m317 9 M m3




Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services











Atlantic Entrance


Atlantic Entrance





179 M m179 M m




49 M m 3



87 M m 3 87 M m 3


267 m267 m 271 m271 m

Atlantic Ocean

Pacific Ocean





Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services












Lock head 2

Lock head 2

Upper chamber area

Upper chamber area

Middle chamber area

Middle chamber area




Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










Lock head 2

Lock head 2













10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services




















10 000 t f R b



10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










10000 tons of Rebar




Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










Compressors







983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services













983113983150983142983154983137983141983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141

983140983141983148983145983158983141983154983161 983151983142 983138983137983155983137983148983156 983137983156 983156983144983141

983107983137983154983156983137983143983141983150983137 983118983151983154983156983144 983156983145983141983085983157983152 983155983156983137983156983145983151983150983145983150 983107983157983148983141983138983154983137 983107983157983156

983113983150983142983154983137983155983156983154983157983139983156983157983154983141 983142983151983154 983156983144983141983154983141983139983141983145983152983156 983151983142 983138983137983155983137983148983156 983151983150 983156983144983141

983138983137983150983147 983151983142 983111983137983156983157983150 983116983137983147983141 983157983150983140983141983154

983156983144983141 983116983151983139983147983155 983120983154983151983146983141983139983156 983151983150 983156983144983141

983105983156983148983137983150983156983145983139 983155983145983140983141







October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services














October 2009

January 2011

June 2010









Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services
















Lock head 1

Lock head 1

Trifurcation 1



Trifurcation 2


Lock head 2



























bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services


































bull US dollar





SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services










SavannahYantian

Kwangyang

Hong Kong

Pusan

SavannahKeelung

WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai

SavannahBaltimore

New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena

La GuairaGuanta

Maracaibo

Everglades

Kingston


Kwangyang

Hong Kong

PusanPusan


WilmingtonPusan

NJNYLe Havre

Halifax

Felixstowe


Bremerhaven

Kaohsiung

Charleston

Nagoya Thamesport

Oakland

Seattle

Tokyo

Colombo

Shanghai

Yokohama

Newport News


Rotterdam

Kobe

Osaka Hamburg

Shimizu Port Said

Zeebrugge

Chabang

Tahiti

Auckland

Doniambo

Brisbane

Sydney

Melbourne

Tanjung Priok

Singapore

Marseilles

La Spezia

Tilbury

Dunkerque

Qingdao

Buenaventura


Coquimbo


Puerto Limoacuten

Iquique

Manta


Balboa

Antwerp

Itajai


New Orleans

ParanaguaSantos

Puerto Cabello


Cartagena


Maracaibo

Everglades

Kingston

Miami

Boston


Transit the Canal

Feeder services








panama canal expansion trade impacts | march 2011

Documents