3654 (OP-I) V. 29/03/2023 Panama Canal Authority Vice Presidency for Operations Advisory To Shipping No. A-36-2025 December 10, 2025 TO : SUBJECT : All Shipping Agents, Owners, and Operators Monthly Canal Operations Summary – NOVEMBER 2025 1.Panama Canal Statistical Summary: a.Transit Pilot Force .................................................................................................................290 b.Pilots in Training ...................................................................................................................16 c.Tugs d.Locomotives ...................................................................................................................46 .................................................................................................................100 2.Traffic Statistics: Daily Average High Low Arrivals 33.9 45 23 Oceangoing Transits 33.5 38 22 Canal Waters Time (hours) 18.4 23.4 15.3 In-Transit Time (hours) 9.7 11.2 8.7 Oceangoing Transits: Total Daily Average Percentage Vessels of less than 91’ beam 162 5.4 16.1 Vessels 91’ beam to under 107’ beam 571 19.0 56.8 Neopanamax Vessels (107’ beam and over) 273 9.1 27.1 Total: 1006 33.5 100 Booking Slots: Neopanamax (vessels of 107’ beam and Over) Available 118* Used 133* 1 Percentage 112.71 Supers (vessels of 91’ beam to under 107’ beam) 514* 473* 1 92.02 Regular Vessels (less than 91' beam) 119* 118* 1 99.16 Auctioned booking slots * Does not include additional auctioned booking slots ¹ Includes booked transits only 372 341 91.66 3.The following page provides the scheduled locks maintenance work and other information of interest to the shipping community. 4.This advisory will be canceled for record purposes on December 31, 2025. Boris Moreno Vásquez Vice President for Operations ADVISORIES ARE AVAILABLE AT http://www.pancanal.com FOR ETAS OR DIRECT COMMUNICATION WITH OUR OFFICES, REFER TO NOTICE N-3-2023 ORIGINAL SIGNED 3654 (OP-I) V. 29/03/2023 OP, December 10, 2025 Subject: Monthly Canal Operations Summary – November 2025 SCHEDULE OF PANAMAX LOCKS MAINTENANCE OUTAGES Dates Duration Miraflores Pedro Miguel Gatun Estimated Capacity^ Expected Booking Condition Status November 12 and 13, 2025 5 hours/day West* 26 1 Completed December 1 and 2, 2025 5 hours/day East* 26 1 Completed December 15 and 17, 2025 5 hours/day West* 26 1 Tentative December 16 and 18, 2025 5 hours/day East* 26 1 Tentative January 28 and 29, 2026 7 hours/day West* Tentative February 3, 2026 5 hours West* 26 1 1 Tentative February 10, 2026 5 hours West* 26 1 Tentative February 24 and 25, 2026 5 hours/day West* 26 1 Tentative ^The normal transit capacity of the Panamax locks is 34-36 vessels per day, and in the Neopanamax locks is 9-11 vessels per day, depending on vessel mix, transit restrictions, and other factors. The maximum sustainable capacity of the Panama Canal (Panamax and Neopanamax locks) is approximately 36-38 vessels per day. * In order to perform scheduled maintenance works ** In order to perform scheduled dry chamber works *** Culvert outage 3654 (OP-I) V. 29/03/2023 OP, December 10, 2025 Subject: Monthly Canal Operations Summary – November 2025 Panama Canal administrator highlights strategic developments to shape the future of logistics The Panama Canal administrator Ricaurte Vásquez, participated in a fireside chat moderated by senior CNBC editor Lori Ann LaRocco at the Houston International Maritime Conference (HIMC). Vásquez spoke about the strategic devel