Panama Canal to improve vessel scheduling, efficiency with new technology

The Panama Canal announced that it will launch a state-of-the-art vessel scheduling and maritime resource management system to further optimize costs, improve safety and increase the overall efficiency and reliability of the service it provides.

The recently announced system will transform how the Panama Canal plans and schedules transit operations. For the first time, the Canal will be able to execute a completely integrated operating plan for all of its critical resources, including tugboats, pilots and line handlers.

By improving situational awareness and by having more accurate data, the new system will allow for better decision-making, which will in turn help mitigate operational risk. Further, the system will help reduce costs by optimizing resource allocation.

The new technology will also benefit Canal customers, including shippers, by shortening vessel waiting times, increasing the number of potentially available vessel slots each day and improving the overall reliability of the route.

The new system will be fully integrated into Canal operations over the course of the next two years, with the module responsible for managing the Canal’s vessel scheduling expected to be operational by the end of the fiscal year in September 2017.

Source: Panama Canal Authority

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