AUTORIDAD DEL CANAL DE PANAMÁ EXECUTIVE VICE PRESIDENCY FOR OPERATIONS 3654 (OPXI) V. 4-2-2015 ADVISORIES ARE AVAILABLE AT http://www.pancanal.com FOR ETAS OR DIRECT COMMUNICATION WITH OUR OFFICES, REFER TO NOTICE N-3-2017 ADVISORY TO SHIPPING No. A-39-2017 November 8, 2017 TO : All Shipping Agents, Owners, and Operators SUBJECT: Monthly Canal Operations Summary – OCTOBER 2017 1. Panama Canal Statistical Summary: a. Transit Pilot Force .............................................................................................................. 274 b. Pilots in Training .............................................................................................................. 0 c. Tugs .............................................................................................................. 46 d. Locomotives .............................................................................................................. 100 2. Traffic Statistics: Daily Average High Low Arrivals 33.68 48 19 Oceangoing Transits 34.03 39 30 Canal Waters Time (hours) 32.86 44.14 21.86 In-Transit Time (hours) 11.69 14.90 9.46 Oceangoing Transits: Total Daily Average Percentage Vessels of less than 91 ́ beam 215 6.94 20.38 Vessels 91 ́ beam to under 107’ beam 656 21.16 62.18 Neopanamax Vessels (beam107’ and over) 184 5.94 17.44 Total: 1055 34.03 100 Booking Slots: Available Used Percentage Neopanamax Vessels (beam 107' and over) 186 160 86.02 Large Vessels (91' to 107’ beam) 465* 403* 1 86.67 Regular Vessels (beam less than 91') 248* 140* 1 56.45 Regular Vessels (up to 300' in length) 0 0 0.00 Auctioned booking slots 10 3 30.00 *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 November 30, 2017. ORIGINAL SIGNED Esteban G. Saenz Executive Vice President for Operations OP, November 8, 2017 Subject: Monthly Canal Operations Summary – OCTOBER 2017 SCHEDULE OF LOCKS MAINTENANCE OUTAGES Dates Duration Miraflores Pedro Miguel Gatun Estimated Capacity^ Expected Booking Condition^ Status 1-2, 8-9 March 2018 8 hours / 10 hours West Lane* 28-30 1.a Tentative June 2018 16 hours East/West Lane* 26-28 2 Tentative June 2018 8 days Center Culvert* 28-30 1.a Tentative June 2018 16 hours East/West Lane* 26-28 2 Tentative July 2018 8 hours West Lane * 28-30 1.a Tentative August 2018 10 days West Lane * 22-24 2 Tentative The normal transit capacity of the Panamax locks is 34-36 vessels per day, depending on vessel mix, neopanamax transits, and other factors. This capacity is reduced during locks maintenance work, as indicated in the above table. Consequently, vessels may experience delays in transiting. When the Panama Canal’s capacity is expected to be reduced, a corresponding reduction in the number of available reserved transit slots may be ordered by the Canal Authority. Whenever a set of locks requires a major outage of one of its two lanes for dry chamber inspection, miter gate repairs, tow track work or other major maintenance/improvement projects, advantage may be taken to perform simultaneous single lane outages at other locks. * In order to perform scheduled maintenance works ^ Panamax locks Panama Canal Sets Record Annual Cargo Tonnage in Fiscal Year 2017 Added capacity and the first full year of the Expanded Canal all contributed to a record 403.8 mill