AUTORIDAD DEL CANAL DE PANAMÁ 3654 (OPXI) EXECUTIVE VICE PRESIDENCY FOR OPERATIONS v. 3- 2-2011 ADVISORIES ARE AVAILABLE AT http://www.pancanal.com FOR ETAS OR DIRECT COMMUNICATION WITH OUR OFFICES, REFER TO NOTICE N-3-2014 ADVISORY TO SHIPPING No. A-04-2014 March 7, 2014 TO : All Shipping Agents, Owners, and Operators SUBJECT: Monthly Canal Operations Summary – February 2014 1. Panama Canal Statistical Summary: a. Transit Pilot Force ................................................................................................. 281 b. Pilots in Training ................................................................................................. 8 c. Tugs ................................................................................................. 42 d. Locomotives .................................................................................................. 100 2. Traffic Statistics: Daily Average High Low Arrivals 34.18 44 26 Oceangoing Transits 34.25 38 32 Canal Waters Time (hours) 30.98 52.47 19.82 In-Transit Time (hours) 12.15 14.27 10.73 Oceangoing Transits: Total Daily Average Percentage Vessels of less than 91' beam 277 9.89 28.88 Vessels 91 ́ beam and over 682 24.36 71.12 Total: 959 34.25 100 Vessels 100' beam and over 583 20.82 60.79 Vessels 900' length and over 113 4.04 11.78 Booking Slots: Available Used Percentage Large Vessels (beam 91' and over) 476* 394* 1 82.77 Regular Vessels (beam less than 91') 224* 162* 1 72.32 Regular Vessels (up to 300' in length) 2 2 100.00 Auctioned booking slots 11 2 18.18 *Does not include additional auctioned booking slots ¹ Includes booked transits only 3. The following page provides the scheduled locks maintenance work and other items of interest to the shipping community. 4. This advisory will be canceled for record purposes on March 31, 2014. ORIGINAL SIGNED _______________________________ Esteban G. Sáenz Executive Vice President for Operations AUTORIDAD DEL CANAL DE PANAMÁ 3654 (OPXI) EXECUTIVE VICE PRESIDENCY FOR OPERATIONS v. 28-01-2011 OP, March 7, 2014 Subject: Monthly Canal Operations Summary – February 2014 1 The actual transit capacity may vary from day to day and will depend on vessel mix, transit restrictions and type of maintenance work being performed. Normally, during periods of reduced transit capacity, a corresponding reduction in the number of available reserved transit slots is ordered by the Authority. During these periods, non-booked vessels may experience delays in transiting. Whenever a set of locks requires an outage of one of its two lanes, advantage may be taken by performing simultaneous work at other locks. Panama Canal New Locks Project Works Resume The Panama Canal Authority (ACP) informs that Grupo Unidos por el Canal, S.A. (GUPC) resumed work on the new locks project on Thursday, February 20. "Works have restarted this afternoon," said Panama Canal Administrator Jorge L. Quijano. "The consortium has guaranteed that it will continue working, which was our main objective so we can move forward and discuss other issues for a longer-term agreement." As a result, the ACP paid GUPC $36.8 million that was due for December invoices. This preliminary agreement to resume works does not imply a negotiation on the alleged cost overruns claimed by the contractor. ACP reiterates that these claims must be processed through the mechanisms detailed in the contract. The consortium is formed by Sacyr Vallehermoso, S.A (Spain), Impregilo, S.p.A. (Italy), Jan de N