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-07-2014 April 4, 2014 TO : All Shipping Agents, Owners, and Operators SUBJECT: Monthly Canal Operations Summary – March 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 33.68 46 16 Oceangoing Transits 34.55 39 30 Canal Waters Time (hours) 34.72 46.89 27.03 In-Transit Time (hours) 12.07 13.91 10.24 Oceangoing Transits: Total Daily Average Percentage Vessels of less than 91' beam 362 11.68 33.80 Vessels 91 ́ beam and over 709 22.87 66.20 Total: 1071 34.55 100 Vessels 100' beam and over 609 19.65 56.86 Vessels 900' length and over 128 4.13 11.95 Booking Slots: Available Used Percentage Large Vessels (beam 91' and over) 487* 454* 1 93.22 Regular Vessels (beam less than 91') 228* 201* 1 8.16 Regular Vessels (up to 300' in length) 9 9 100.00 Auctioned booking slots 28 18 64.29 *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 April 30, 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, April 4, 2014 Subject: Monthly Canal Operations Summary – March 2014 SCHEDULE OF LOCKS MAINTENANCE OUTAGES Dates Days/Hrs Miraflores Pedro Miguel Gatun Estimated Transit Capacity 1 Status March 17-28, 2014 11 days West Culvert 32-34 Completed Aug 26 - Sept 2, 2014 8 days West Lane 26-28 Tentative Note: Changes in red. 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 Recognized as 2014 World's Most Ethical Company For the fourth consecutive year, the Panama Canal Authority (ACP) has been recognized by the Ethisphere Institute, an independent center of research promoting best practices in corporate ethics and governance, as a 2014 World's Most Ethical Company. ACP has been honored with this award, which recognizes organizations that continue to raise the bar on ethical leadership and corporate behavior. "It is an honor for the Panama Canal to receive this award, especially during the year of its centennial," Panama Canal Administrator Jorge L. Quijano said. "The ACP thrives to ensure