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-3-2018 ADVISORY TO SHIPPING No. A-04-2018 February 8, 2018 TO : All Shipping Agents, Owners, and Operators SUBJECT: Monthly Canal Operations Summary – JANUARY 2018 1. Panama Canal Statistical Summary: a. Transit Pilot Force .............................................................................................................. 272 b. Pilots in Training .............................................................................................................. 0 c. Tugs .............................................................................................................. 46 d. Locomotives .............................................................................................................. 100 2. Traffic Statistics: Daily Average High Low Arrivals 33.00 43 25 Oceangoing Transits 33.87 39 27 Canal Waters Time (hours) 23.35 32.08 15.67 In-Transit Time (hours) 10.19 12.49 8.34 Oceangoing Transits: Total Daily Average Percentage Vessels of less than 91 ́ beam 258 8.32 24.57 Vessels 91 ́ beam to under 107’ beam 581 18.74 55.33 Neopanamax Vessels (beam107’ and over) 211 6.81 20.10 Total: 1050 33.87 100 Booking Slots: Available Used Percentage Neopanamax Vessels (beam 107 and Over) 217 172 79.26 Large Vessels (beam 91' and over) 465* 358* 1 76.99 Regular Vessels (beam less than 91') 248* 171* 1 68.95 Regular Vessels (up to 300' in length) 4 4 100.00 Auctioned booking slots 7 1 14.29 * 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 February 28, 2018. ORIGINAL SIGNED Esteban G. Sáenz Executive Vice President for Operations OP, February 8, 2018 Subject: Monthly Canal Operations Summary – JANUARY 2018 SCHEDULE OF LOCKS MAINTENANCE OUTAGES Dates Duration Miraflores Pedro Miguel Gatun Estimated Capacity^ Expected Booking Condition^ Status 1, 8 March 2018 4 hours per day West Lane* 32-34 1 Tentative 2, 9 March 2018 5 hours per day West Lane* 31-33 1 Tentative 21, 22 March 2018 4 hours per day East Lane* 32-34 1 Tentative 6 April 2018 24 hours East Lane* 22-24 2 Tentative 20 April 2018 24 hours East Lane* 22-24 2 Tentative 4 May 2018 24 hours East Lane* 22-24 2 Tentative 16, 17 May 2018 5 hours per day East Lane* 31-33 1 Tentative 9, 10 June 2018 8 hours per day East/West Lane* 28-30 1.a Tentative 11-18 June 2018 8 days Center Wall *** 28-30 1.a Tentative 18, 19 June 2018 8 hours per day East/West Lane* 28-30 1.a Tentative 20 July 2018 8 hours West Lane* 28-30 1.a Tentative 26 July, 2 August 2018 4 hours per day West Lane* 32-34 1 Tentative 27 July, 3 August 2018 5 hours per day West Lane* 32-34 1 Tentative 14-23 August 2018 10 days West Lane** 22-24 2 Tentative 13-14 September 2018 2 days East 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 a