Annual report

Zn

b ~

PANAMA

CANAL

COMMISSION

FISCAL YEAR ENDED SEPTEMBER 30, 1987

Ca ~e$l

/""i"

RE

ORT

ANAMA

CANAL

COMMISSION

Balboa, Republic of Panama

OFFICE

THE

ADMINISTRATOR

FROM

THE

ADMINISTRATOR

a pleasure

ubmit

annual

report

Panama

Canal

Commission for fiscal year 1987.

This report covers

the eighth

year

operation

under the terms of the

Panama Canal Treaty. During this period, Canal traffic and tolls revenue

edged

moderately upward

over the

previous

year.

Oceangoing transits

increased 2.4 percent with a near parallel increase in tolls revenue of 2.2

percent.

Most of the growth resulted from a sharp improvement in corn

shipments

gains

in a number

other

commodities.

While

0

traffic was slightly up from last year, average vessel size remained

overall
near

1986 levels.

ensure

emphasis

was

long-term

placed

effective

operation

maintenance

Canal,

modernization

continued
programs.

Important major projects included the overhaul of the massive sea gates at
Miraflores Locks, the addition of five new towing locomotives at Gatun
1T nrlc Ari a oino if thP Panific annrna.h channel and enhancement of the

throughout the organization. Panamanian citizens now comprise approxi-
mately 83 percent of the Commission work force with increasing involve-

ment at all management levels.

During the past year, the Commission's

binational

work force demonstrated

exceptional

esprit de corps,

while

providing high quality transit service.

The

Panama

Canal

Commission's

performance during fiscal

year

1987

demonstrated

once

again

that

waterway

remains an important

efficient conduit for world trade.

I am confident that our dedicated work

force
nance

the effectiveness

efforts

allow

ongoing

Panama

modernization

Canal

continue

malnte-

handling

demand for its unique transit service well into the future.

Administrator

TABLE OF CONTENTS

PANAMA CANAL COMMISSION

Page

ORGANIZATION CHART .....

INTRODUCTION
ORGANIZATION ...........
THE CANAL..................

TOLL RATES .................
BOARD OF DIRECTORS ......
OFFICIALS IN THE REPUBLIC
OFFICIALS IN WASHINGTON,

. . . . " . " . . . . . . . " . " . " " " . . . . " " " " " " . . . . .

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g.. e . . " . " C .
OF PANAMA
D.C. ...... ..

. " . . . . " " . . " " . . . " " " .
* ...ss.t.*..*aa se.......
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" te mt 0t " 0...0.0 .* '"

CHAPTER I-CANAL TRAFFIC
TR A FFIC . .. .......................................................
COMPARATIVE HIGHLIGHTS OF OPERATIONS ...................
COMMODITIES AND TRADE ROUTES .............................

CHAPTER II-CANAL OPERATIONS
TRANSIT OPERATIONS ...........

....... . . . . . . . . . . . . . . . . 13

MAINTENANCE AND RELATED CANAL PROJECTS ................

CHAPTER III-SUPPORTING OPERATIONS

LOGISTICAL SERVICES ........
COMMUNITY SERVICES........
SANITATION AND GROUNDS ..
TRANSPORTATION SERVICES ..
PUBLIC UTILITIES AND ENERGY
FIRE PROTECTION..............
CANAL PROTECTION .........
HEALTH AND SAFETY ..........

"". . ".......... .". . ". . ."..
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.ega g.. .......*.S.CC .* .* C ..SC ...S ..
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.... ..........* .CC.....*.............

.e. . . . . .. . . . ......a c ec. a e....**aa
...t.e ....S ..S.g.g. c....c..ta g.......

CHAPTER IV-ADMINISTRATION AND STAFF

PERSONNEL: FORCE EMPLOYED AND
EQUAL OPPORTUNITY PROGRAM ....
DI)T1 TI ACCATOD

PAYROLL

. e.a.. .. . " "e ".... a ae ..."a

CONTENTS

Financial Tables

Page

TABLE
TABLE
TABLE

1.-Statement of Financial Position ..........................
2.-Statement of Operations and Non-Interest-Bearing Investment
3.-Statement of Changes in the Investment of the United States

Government

TABLE
TABLE
TABLE

4.-Statement of Changes in Financial Position ..
5.-Statement of Status of Appropriations ......
6.-Statement of Property, Plant, and Equipment

* . a a a a a a a a a. a a. .a . a
....aa.a..a.a ..a.. ....

. . . . . . . .. . . 38

Notes to Financial Statements..

CHAPTER

VI-STATISTICAL

TABLES

Shipping Statistics

TABLE
TABLE

1.-Panama Canal Traffic-Fiscal Years 1978 through 1987

. . . . . . 50

-Oceangoing Commercial Traffic by Months-Fiscal Years 1987

and 1986....

TABLE
TABLE

3.-Canal Traffic by Flag of Vessel-Fiscal Year 1987 .....
4.-Classification of Canal Traffic by Type of Vessel-Fiscal

. . . a * 52
s........ a 53

Year 1987

TABLE
TABLE

5.-Laden and Ballast Traffic by Flag of Vessel-Fiscal Year 1987
6.--Segregation of Transits by Registered Gross Tonnage-Fiscal

Year 1987

TABLE
TABLE

7.-Principal Commodities Shipped Through Canal by Fiscal Years ...
8.-Origin and Destination of Commercial Cargo Through the Panama
Canal from Atlantic to Pacific During Fiscal Year 1987 Segregated

by Countries in Principal Trade Areas.

TABLE

.. .. .. . . . . . . . . . . .. . 66

9.-Origin and Destination of Commercial Cargo Through the Panama
Canal from Pacific to Atlantic During Fiscal Year 1987 Segregated

by Countries in Principal Trade Areas.

TABLE

. .. . . . .. . 72

10.--Important Commodity Shipments Over Principal Trade Routes-

Atlantic to Pacific ....

TABLE

. . . . . . . . .. . . . . . . . . . . . . 80

1.-Important Commodity Shipments Over Principal Trade Routes-

Pacific to Atlantic ....

. . . . . . . . . . 99

TABLE

--Principal Canal Commodities by Direction-Fiscal Year

..... a 1

Other Statistics

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INTRODUCTION
ORGANIZATION
The Panama Canal Commission is an agency of the Executive Branch of
the United States Government, provided for by the Panama Canal Treaty
of 1977, and established by the Panama Canal Act of 1979 (93 Stat. 452; 22
U.S.C. 3601 et seq), enacted September 27, 1979. The authority of the
President of the United States with respect to the Commission is exercised
through the Secretary of Defense and the Secretary of the Army. The
Commission is supervised by a nine-member Board. Five members are
nationals of the United States appointed by the President with the advice
and consent of the Senate. Four members are nationals of the Republic of
Panama who are proposed by the Republic of Panama for appointment by
the President.
The Commission was established to carry out the responsibilities of the
United States with respect to the Panama Canal under the Panama Canal
Treaty of 1977. In fulfilling these obligations, the Commission manages,
operates, and maintains the Canal, its complementary works, installations,
and equipment, and provides for the orderly transit of vessels through the
Canal. The Commission will perform these functions until the treaty ter-
minates on December 31, 1999, when the Republic of Panama will assume
full responsibility for the Canal.
The Commission is expected to recover through tolls and other revenues
all costs of operating and maintaining the Canal, including interest, depre-
ciation, capital for plant replacement, expansion and improvements, and
payments to the Republic of Panama for public services and annuities, in
accordance with paragraph 5 of Article III and paragraphs 4(a) and (b) of
Article XIII, respectively, of the Panama Canal Treaty of 1977. Revenues
from tolls and all other sources are deposited in the U.S. Treasury in an
account known as the Panama Canal Commission Fund. Appropriations
rC - . A. *- - -- _ A i _ _ ._ ii.... U....

INTRODUCTION

channel is 500 feet.

Navigable channel depth can vary according to the

amount of water available in Canal storage areas; however,

the normal

permissible transit draft is 39 .feet 6 inches tropical fresh water.
Vessels transiting the Canal are raised in three steps to the level of Gatun

Lake

, the principal source of Canal water, then lowered to sea level again

three steps.

The three sets of Canal locks are paired

so as to

permit

simultaneous lockage of two vessels in the same or opposite direction.

Since

August

1914

official

date

opening,

Panama

Canal has served world trade virtually without interruption.

fiscal year,

Through this

a total of 677,521 vessels of all types have transited with 570,239

or 84.2 percent of the total being of the oceangoing commercial class.
TOLL RATES

Toll

hospital

rates

ship

supply

on merchant

hips,

vessels
yachts,

, Army

when

Navy

carrying

transports,

passengers

cargo,

$1.83 per net vessel ton of 100 cubic feet of actual earning capacity,

as determined in accordance with the "Rules of Measurement of Vessels

for the Panama Canal;" (b) on such vessels in ballast,

without passengers

or cargo,

$1.46 per net vessel ton; and (c) on other floating craft,

$1.02 per

ton of displacement.

By treaty,

United

States continues

transit through the Canal of its troops,

provide

materials of war

to Colombia free
, and ships of war.

PANAMA

CANAL

COMMI

SSION

BOARD

DIRECTORS

Ending Fiscal Year 1987

Honorable WILLIA

M R. GIANELLI.

Honorable OYDEN ORTEGA

Chairman

Board

Directors

Panama, Republic

Panama

Panama Canal Commission

Washington, D.

Honorable C

ARLOS

OZORES

Honorable Luls A.

ANDERSON

Panama, Republic of Panama

Honorable WALTER V
Annapolis, Maryland

. SHEA

Honorable ANDREW E. GIBSON

Short Hills, New

Jersey

Honorable CARLOS VELARDE

Honorable RICHARD N.

HOLWILL

Deputy Assistant

Secretary

Honorable WILLIAM W

WATKIN, Jr.

Inter-American Affairs
Department of State
Washington, D.C.

Executive Committee
Honorable WILLIAM R. GIANELLI
Chairman
Honorable OYDEN ORTEGA

Honorable W

ALTER V

SHEA

Honorable CARLOS VELARDE

Honorable WILLIAM W

WATKIN, Jr.

OFFICIALS IN THE REPUBLIC OF PANAMA

Administrator..........
Deputy Administrator ...

................... Honorable D. P

MCAULIFFE

Honorable FERNANDO MANFREDO, Jr.

OFFICIAL IN

WASHINGTON

D.C.

Secretary .........

MICHAEL RHODE, Jr.

Panama, Republic

Panama

Panama, Republic

Panama

Beaufort, South Carolina

4 CANAL TRAFFIC

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Chapter

CANAL

TRAFFIC

TRAFFIC

Canal traffic and tolls revenue continued
although at a more moderate rate than the

upward in fiscal

previous

year.

year

Most

1987

of the

growth

resulted

from

harp

improvement

in corn

shipments

moderate gains in a number of other commodities.

Oceangoing transits in fiscal year
or 33.7 vessels daily, from 12,023, or

1987 increased 2.4 percent to

32.9 daily, the prior year.

12,313,

Commercial

vessels

accounted

12,230

total

oceangoing transits,

from

11,925 in fiscal year 1986.

Vessels owned or operated by the U.S.

Govern-

ment and free Colombian and Panamanian Government vessels accounted

for 83 transits

, compared with 98 last year.

While

overall

traffic

showed

growth

over the

prior year,

vessel

remained near 1986 levels.

Transits by vessels having beams of 100 feet and

over totaled 2,668 compared with 2,627 transits the prior year. As a result,
transits in this beam category as a proportion of total oceangoing transits

decreased from 21.8 percent in 1986 to 21.7 percent,

the first decline in this

important traffic element since

1984.

Vessels having beams of 80 feet and

over accounted for

,908 transits or 48 percent of total oceangoing transits

compared with

,898 or 49.1 percent in 1986.

The lull in vessel size growth

was

reflected

average

Panama

Canal

tonnage

oceangoing

commercial vessels, which dropped slightly to 15,248 tons from the record
15,328 tons reached in the prior year.

CANAL TRAFFIC

year

summary

elements

Canal

traffic

tolls

revenue is shown in the following table:

COMPARATIVE

HIGHLIGHTS

OPERATIONS

Fiscal year

Oceangoing transits:
Commercial . . . . . . . . . . . . . . . . . . . . . . . . . . . .
U.S. Government . . . ........ .. ... ... . . . .. . . . . . ..

12,230

11,925

Free .....

Total

12,313

12,023

Daily average

Small transits:
Commercial .....
U.S. Government

Free.......
Total....

1,131

1,255

Total cargo:
Commercial ....
U.S. Government

Free......
Total...

......
.0....

S. .... . . ."t.... ...... * . *.... 0 .
. . . . * tat.". ......... . * SS" S** .

148,693,662
205.701

148,899,425

139,948,885
176,853
80
140,125,818

Total Panama Canal net tons and reconstructed displace-
ment tonnage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Transit revenue:
Commercial tolls .....
U.S. Government tolls

Tolls revenue.

187,340,780

$328,463,544
1,395,231
$329,858,775

183,750,961

$321,163,325
1,570,877
$322,734,202

Harbor pilotage, tug, launch, and other services
Total transit revenue. ................

$68,128,024
$397,986,799

$67,363,962
$390,098,164

COMMODITIES AND TRADE ROUTES
Cargo movements in 1987 registered a fairly high rate of increase with

other compared elements of traffic,

6.2 percent to

with total commercial tonnage rising

148.7 million long tons from 139.9 million tons in the prior

i * I * P - . . . . . . . .. . .

PANAMA CANAL COMMISSION

and South Korea 2.4 million tons. Other components of the grain commod-
ity group showing improvement included soybeans, which rose from 6.8
million tons to 7.8 million tons; wheat, which was up from 3.8 million tons
to 4.5 million tons; and sorghum, which increased from 2.3 million tons to
2.6 million tons. The increased grain tonnage via the Canal reflected an
overall recovery in U.S. grain exports generated by a number of factors,
including the lower value of the dollar, reduced harvests in other major

grain producing nations, and the

U.S.

Government export enhancement

program.

Petroleum

petroleum

products

decreased

15.9

percent

25.9

million long tons in fiscal year 1987.
was primarily due to a sharp drop in

down to 9 million tons from 12.9 million tons.

The decline in this commodity group
the crude oil movement, which was

This drop reflected reduced

oil flows from diverse sources, particularly Ecuador.

On March 5,

1987

Ecuador was struck

an earthquake which damaged

a section

trans-Ecuadorian pipeline, forcing the country to halt oil exports for about
six months. As a result, Ecuadorian oil exports via the Canal totaled 3.5

million tons this year versus the 5.8 million shipped in 1986.
products segment of this commodity group declined to 17

from 17.9 million tons,

The petroleum
'.0 million tons

with most of the reductions concentrated in diesel

oil and residual oil shipments.

The nitrates, phosphates and potash commodity group improved signif-
icantly to 12.0 million tons from the depressed 9.9 million tons registered

in 1986. Phosphates,

which accounted for 54.2 percent of the group, rose

23.7 percent to 6.5 million tons from 5.3 million tons. Over 90 percent of
phosphates moving via the Canal originated in the U.S. East Coast and
were primarily destined for South Korea, Japan and China.
The coal and coke trade continued downward, falling to 7.9 million tons
compared with 10.2 million tons in the prior year. Coal exports from the
U.S. East Coast accounted for 5.8 million tons, with Taiwan and Japan as
the main destinations.

The

automobile

trade,

which

generated

most

sharp

traffic

creases of the prior year, continued strong but did not attain further signif-

icant gains.

The trade, included in the machinery and equipment group,

totalPel 97 million trnc nll clioht1l frnm 9 A million tonnc

AntnmnhilPc

L

CANAL TRAFFIC

Canal

commercial

cargo

. The

cargo

tonnage

carried

hips

on this

voyage route totaled 58.1

million long tons, up from 50.6 million tons in

the prior year.

The

following chart and

moving in

table show the principal commodity

oceangoing commercial vessels during fiscal year

1987

groups
and a

company

on of the major trade routes in fiscal years 1987 and 1986.

PANAMA CANAL COMMISSION

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CANAL TRAFFIC

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CANAL OPERATIONS

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Chapter

CANAL

OPERATIONS

Canal operations are comprised of Transit Operations and Maintenance

and Related Canal Projects.

The various functions are divided among the

operating

bureaus

within

Canal

agency.

October

, 1986,

Marine

Bureau designated several new divisions and units to handle the

functions formerly performed by the Navigation Division,

established on that date.

which was dis-

The organizational chart on page VI reflects the

present structure of the Marine Bureau.
TRANSIT OPERATIONS

Daily average transits by oceangoing vessels increased from the 32

day during fiscal year 1986 to 33.7 per day during fiscal year 1987

.9 per

Average

time in Canal waters increased from 23.4 hours in fiscal year 1986 to 24.0
hours in fiscal year 1987.

Vessels
of 600-foot
length and over

Fiscal

Percent
oftotal
oceangoing
transit

Vessels
of80-foot
beam and over

Percent
of total
oceangoing
transit

. . . . .9 . S.C. ta.. . . . .
* ass. .. . .. . . . . * .4. . 9. .. t.tt.

. S . S . S . . .S ...S .C . ...S
* CC C CS S* * . S * *** S*

4,005
4,131
3,862
3,865
4,157

5,902
5,898
5,514
5,496
5,869
7,226
6,364
6,089

4,855
4,598

CANAL OPERATIONS

.fl

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4~ ~

PANAMA CANAL COMMI

SSION

1986

Oceangoing transits
Tug jobs:
Balboa .......
Cristobal .....
Tug operating hours

12,313

.......................... .................... . 27,893
.. . .......... . ... . ............................ 11,599
.... . . . . . .. .. .. . . . . . ...... ... ... . .......... . 58,380

12,023
26,939
11,894
60,442

MAINTENANCE AND RELATED CANAL PROJECTS

Maintenance and improvement

to the Canal continued at high levels

throughout the year

The various

division

and units of the

Engineering

and Construction Bureau are generally responsible for the overall physical

maintenance

improvement

waterway

. The

Marine

Bureau

operate

and maintains the locks and related facilities.

During the first quarter of the fiscal year,

considerable resources

mate-

rials and equipment were dedicated toward cleanup of the major land

which occurred in Gaillard Cut on October

1986.

The

lide resulted in

approximately one-half million cubic yards of rock,

earth and debris flow-

ing into Canal

waters.

About half

of this

material

was deposited in

shipping la
Gold Hill.

nes,

causing a narrowing of the navigable channel in the area of

All available dredging equipment was immediately stationed in

the area to begin removal of the

lide material.

Given the significance of

the slide

, two dredges and related equipment were contracted from a dredg-

ing firm in the United States to assist in the removal project.

Effort

were

simultaneously undertaken by the Panama Canal Commission to success-

fully settle unstable areas affected by the slide.

Precautionary transit meas-

ures temporarily implemented in the interest of navigational safety

were

progressively

withdrawn

until

channel

width

normal

Canal

operations were restored on Decembe
From January through September,

1986.

maintenance dredging of the Pacific

approach channel was completed to restore maximum channel depth.

project served

to remove shoal formations and

iltation

caused

by tidal

variations

and propellor wash.

similar dredging project is contemplated

for the Atlantic approach channel.
A new miter gate lifting device was designed by the Engineering Division

Flrc'a(

CANAL OPERATIONS

Several other locks related projects performed during the year involved
e replacement of 6.000 linear feet of fenderine at the Pacific Locks.

A

4-

7

rehabilitation of a combined total of some 7,500 linear feet of locomotive
tow track, conductor slot and rack sections at all locks, and inspection and
maintenance of rising stem and cylindrical valves.

Other

significant

marine-related

maintenance

work

included

major

overhauls of the dipper dredge Christensen, the tugs Harding,
Rousseau and Parfitt, and drum gate No. 3 at Madden Dam.

Trinidad,

Major equipment acquisitions in support of Canal operations consisted
of the delivery of five new towing locomotives increasing the total fleet to
80, the dredge tender Chagres which is also capable of assisting with
transits, and four aluminum hull pilot/linehandler launches Xares, Umbla,
Trucha, and Albacore II.
Contracts were awarded for the fabrication of two tractor tugs, the Gula
and Lider, the construction of a tug refueling facility at Miraflores landing,
two locomotive cranes incorporating OSHA standards, and the fabrica-
tion and delivery of two locomotive turntables for subsequent installation
at the north approach walls of Gatun and Miraflores locks respectively.

The second generation Marine

tinued

undergo

upgrading to

Traffic Control computer system con-
further improve vessel monitoring and

scheduling. This system, as well as other computer systems throughout the

Commission,

will also benefit from advanced telecommunication capabil-

cities upon installation of a newly acquired telephone exchange system and
fiber optic wiring.

/

SUPPORTING OPERATIONS

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Chapter

SUPPORTING

OPERATIONS

Supporting

operations

Panama

Canal

Commission

provided

essential support services to the operation and maintenance of the water-

way and the Agency'

facilities

as well as to other U.S.

agencies on the

Isthmus and to employees and their dependent

logistical services,

community services,

These operation

sanitation and

grounds

included
manage-

ment

, transportation

services

, public

utilities

protection,

Canal

protection, health and safety and other employee services.
LOGISTICAL SERVICES

The

Logistical

Support

Division

provided

centralized

procurement,

inventory

tion

management,

supply

warehousing,

property

distribution

disposal

support

contract

Canal

ad ministra-
operations.

total

of $72.0 million in good

and services were procured during fiscal

year

1987

, including $24.2 million from

sources

in Panama.

Major con-

tracing obligations included approximately $3.7 million for Bunker "C"

fuel oil for thermoelectric power generation,

$4.6 million for light diesel

fuel

$3.5

million

a tractor tugboat,

$2.1

million

vehicles

$1.6

million for two towing locomotive turntables, $1.4 million for locomotive

cranes and $1.3 million for a

salvage barge.

Approximately $18 million in Commission inventory items were issued
for Commission use, and $21.2 million was obligated for new inventory
purchases during the year. A total inventory of 38,734 line items with an
-i C t�/NJrf 11�i I-i----- i

SUPPORTING OPERATIONS

coordinated all

Commission cargo

hipments from the

United State

Panama.

Under the coverage of the Military Sealift Command's contract,

12,326

measurement

tons

containerized

breakbulk

cargo

were

shipped to the Port of Balboa. An additional 5,274 measurement tons of
general cargo and vehicles were shipped under commercial contract with
an ocean freight shipper from New Orleans to the Republic of Panama.
COMMUNITY SERVICES
The Community Services Division is responsible for managing employee

housing,

Commission-owned

buildings,

technical

resource

center

(library) and the employee fitness program for the agency
are provided by the Office of Area Coordination.

Other services

The

Housing

Management

Branch

utilized

Commission and contract

force
phasi

maintain and

on s

repair its quarters inventory

afety and security upgrades.

with a strong em-

The agency continued its multiyear

housing management

plan designed

to concentrate resources on dimin-

fishing housing requirements in selected areas.

Implementation of the plan

is intended to utilize remaining housing and related maintenance resource

in the most cost-effective manner,

while at the

ame time preserving opt

mum housing for eligible employees and meeting ongoing responsibilities

under the

located

Panama
Balboa

Canal

Treaty

Gamboa

. Under these criteria, 56 housing units

Margarita

were

transferred

Government of Panama.

By the end

the fiscal year,

the Commission

retained 1,573 housing units, representing 37% of the inventory of approx-
imately 4,309 units owned by the Panama Canal Company immediately
prior to entry into force of the Panama Canal Treaty in 1979.

The

Buildings

Management

Branch

maintains

operates

Com-

mission buildings and structures not

specifically assigned to other Conm-

mission unit
relocations.

, a centralized custodial service and the agency'

unit was de

moves and

ignated as the agency space manager respon-

ible for implementing and managing Executive Order

12411

other

regulations.

The branch managed major renovations at four buildings and

actively

engaged

implementation

energy

conservation

programs.

The

Technical

Resources

Center

(library)

provided

mission-support

9 1 1 11 9 P1 S~ C

II _ 1Cl

PANAMA CANAL COMMIS

SION

required to be proficient in swimming,

instructing employees from various

divisions

Locks

Canal

Protection

Fire

, etc.) in basic rescue and water

, Dredging,

afety

Apprentice

advanced lifesaving,

School,
drown-

proofing,

survival floating and water

afety instructor'

courses.

SANITATION AND GROUNDS
Mosquito control and other environmental health measures essential to

maintain

a high

level

of health

employees

were

carried

Sanitation Branch.

capable of

Surveillance and control

transmitting disease were contini

of biting insects and vermin
led, with emphasis on non-

chemical control methods such as drainage maintenance in lieu of exten-

sive

dispersements

chemical

insecticide

Some

miles

surface

water drainage ditche

were maintained

to eliminate mosquito breeding

around employee work and housing areas.

Specialized mosquito control

measures continue to be necessary for the prevention of such major insect-

borne tropical disease

as malaria, yellow fever, and dengue.

Additional

control effort

were directed

against cockroaches,

houseflies

bats

venomous snakes and other vermin.
Approximately 2,900 acres of improved grounds were maintained within

and around Commission residential areas

, buildings,

the locks and indu

trial

facilities.

Vegetation

control

was

maintained

Grounds

Branch

crews along utility line rights-of-way

earthen

addle dams

Gatun Dam

Canal bank

ability drainage systems,

and around the perimeters of aid

to navigation towers and targets.

Following the major landslide in Gaillard Cut,

referred to on page 15 of

this report, Grounds and Sanitation workers participated in

oil stabiliza-

tion of the area by dispersing lime on the water

aturated

oil at the

sites.

Later

, slopes of Gold Hill were planted with 4,700 tree seedlings of

the Gmelina-arborea and Acacia-magnium
of the landslide and increase bank stability.

species to reforest the area

Africanized bee control operation

remained

table in FY 1987 with 173

bee swarms and nests destroyed by Commission bee control teams.

Four

Africanized bee swarm

were removed from transiting ship

in FY 1987

TRANSPORTATION SERVICES
The Motor Transportation Division operated and maintained a consoli-

SUPPORTING OPERATIONS

available in required quantity and quality in Panama.

The vehicle inspec-

tion

facility

located

within

Motor

Transportation

Division

Ancon

area garage,

also was used by the Government of Panama during the first

six months of the fiscal

year to conduct inspections of privately-owned

vehicle

Motor

Transportation

Division

perform

Commission vehicle inspections.
PUBLIC UTILITIES AND ENERGY
Panama Canal Commission facilities include electric power generation

and distribution systems,

communication

system

, water purification and

distribution systems,

and a central chilled water air conditioning system

for certain public buildings.

Total Canal area energy demand during fiscal year

1987 was 518 giga-

watt hours

a8.1

percent increase from the 479 gigawatt

used last year.

The peak hourly demand of 84 megawatts reached on September 28,

1987

was

2.4 percent above the peak of 82 megawatts in the prior year.

Agency-

directed energy consumption in fiscal year

, calculated together in Btu

1987 for electrical power and

, was reduced a total of 17.9 percent in

relation to the fiscal year 1975 baseline established by the Federal Energy
Management Program. Electrical power consumption by the Commission,

76.3 gigawatt hours,

was 2.6 percent above the usage levels recorded for

comparable operations

in fiscal

year

1975; fuel consumption, excluding

fuel for power generation,

.0 million gallons,

was 34.9 percent below the

corresponding 1975 fiscal year baselines.

The

water treatment

distribution

systems

operated

Com-

mission provide potable water for the Cahal area and areas of the Republic

of Panama.

The

Pacific

side

system

serves

Canal

area,

portions

Panama City,

and suburban areas; and the separate Atlantic side system

serves

Canal

area,

portions

Colon,

suburban

areas.

During

fiscal year 1987

the two

systems supplied 3.11 billion cubic feet of potable

water to consumers

, an increase of about 2.64 percent from the previous

year.

Water supplied by the Panama Canal Commi

ssion to Panama City

Colon metropolitan areas amounted

to approximately

55.4

million

gallons per day.

FIRE PROTECTION

n - 1 n

-- "

PANAMA CANAL COMMISSION

quarter of fiscal year

1985.

Under this program, Fire Division personnel

respond with foam apparatus on standby at the locks for certain vessels
identified by the Marine Bureau as transporting hazardous or flammable
cargoes, particularly during the critical period when a vessel is entering the
locks.

Requests for ambulance service increased from 1,366 last year to

1,476

this year.

Bomb threats also increased from

15 last year to 31

this year.

Excluding ship fires, there were 517 fires during the year. As in the past,
the vast majority of these incidents were grass and brush fires, most fre-

quently occurring during the vulnerable dry season period.
Division statistics appear in Table 16 on page 120 of this i

Additional Fire

report.

CANAL PROTECTION

The

Canal

Protection

Division

provides

operational

security

for the

Panama Canal Commission and plant protection of installations and facil-

cities

devoted

to the

management,

operation,

maintenance

waterway. Security improvements to vital installations and support activi-
ties continued throughout the year with site surveys, inspection of facilities

installation

essential

security

hardware/ systems.

Recruitment

in-service employees into upward mobility program guard positions con-
tinued heavy during the year to meet the increased coverage requirements.
HEALTH AND SAFETY

The Occupational

Health

Division and

Safety

Division are com-

ponent

of the Office of Personnel Administration.

The Personnel Direc-

tor is the

Designated

Agency

Safety

Health

Official.

The

Panama

Canal
place

Commission is committed

its employees,

to ensuring a safe and

an objective

which

enjoys

healthful work-

support

from

management down.
During fiscal year 1987

, the Commission experienced 628 performance-

of-duty accidents/illnesses for which employees required medical attention
beyond first aid, as compared to 598 such accidents/illnesses in fiscal year

1986.
100 ei

The incident rate rose slightly from 7.5 in fiscal year 1986 to
mnnlovees in fiscal vear 1987. There were no fatalities reco

A S

a,

7.9 per
rded in

either fiscal year 1987 or fiscal year 1986.

As a means of

enhancing safety and health in

the Commission

work-

n innfl ,. 4 nf nna 1 an C1fl7 a,, A aTt Tntt.na - a: ...: -- . -. - :

-- ------

nl nna rllr r: rr rr f:nnnl

Chapter

ADMINISTRATION

AND

STAFF

PERSONNEL

FORCE EMPLOYED AND PAYROLL

the end

of fiscal

year

1987

the total

Isthmian force of the Corm-

mission was 8,562 compared to 8,338 employees in fiscal year 1986.

total Isthmian force

7.561

were permanent and

1,001

temporary.

Of the
Of the

permanent

work force

were U.S. citizens and

persons,

U.S.

citizens

, 6,269 (82.9%) were

Panamanians,

(1.9%) were third-country nationals.

were

employed

Commission

(15.2%)
Nineteen
in New

Orleans and Washington,

D.C.

The total

Commission

payroll

was $196.2

million

in fiscal year

1987

compared to $190.8 million in fiscal year

1986.

Of the total Commission

fiscal

year

1987

payroll,

$133.6

million

was

paid

to non-U.S.

citizen

employees and $62.6 million to U.S. citizen employees.
EQUAL OPPORTUNITY PROGRAM
The new Multi-Year Affirmative Action Plan covering fiscal years 1988

through

992 for this agency was initiated in fiscal year 1987

The Affirma-

tive Action Accomplishment Report for fiscal year 1987 indicated that the
agency met its stated affirmative action goals and exceeded its employment
goal for the severely handicapped.

ADMINISTRATION AND STAFF

tion of Panamanian national

at all level

At the end of fiscal year 1987,

the composition of the work force by sex and minority group designation
was as follows:

By sex

Male..
Female

88.6%

. . . . . .. . .... . . . . .... . ."t t SW..II Q
..*.W W ***** ... *.......* * ... S S SSS*S.S 9 ..

By Minority Group Designation

Hispanics
61.7%

Blacks
23.9%

Whites
12.8%

Orien rals

1.3%

Amer.

0.3%

PUBLIC AFFAIRS
The Office of Public Affairs is responsible for handling all public affairs,

guide

services

informational

activities

Panama

Canal

Com-

mission, both locally and internationally.

In this connection

, through the

Commission publication Spillway,

local pres

releases

, video tape

films

exhibits

matters of

related interest

were disseminated

to the work

force and the public at large.

The Graphic Branch assisted in the accom-

plishment of
audio-visual

this task

by providing a broad range of photographic and

support services. Such support included the development of

exhibits

international

shipping

exhibitions

conferences

Expoship 87 in London and the Seatrade Cruise Shipping Conference in

Miami

audio

visual

assistance

for engagements

where

agency

officials served as guest speakers.

Similar support was provided for Com-

mission exhibits at the annual regional fair held in David

Expocomer, an

international exhibition held in Panama City; a display commemorating

Bicentennial

U.S.

Constitution;

a photographic display

featuring the work of Canal construction day photographer Ernest Hallen.

English and Spanish language press releases,

films

, video and audio tape

segments were also developed for internal agency use and for distribution
to the press services.

The

land

lide in

Gaillard

Cut and

political

events

in Panama placed

greater than usual demands on the office to provide local and international

media

representatives

with

information

Canal

under

various

formats.
The guide service handled a total of 305,416 visitors at the Canal and

PANAMA CANAL COMMISSION

information; and channels many issues to the proper authorities for proc-
essing under existing statutes or administrative regulations. Generally, the
Office of the Ombudsman investigates administrative problems, inefficien-
cies. omissions and Dolicv conflicts existing within the Panama Canal

Commission

otl

her U.S.

Government

agencies

on the

Isthmus

Panama

resulting

from

Treaty.

However,

office

provides

widest latitude possible for handling problems affecting employee morale
and the quality of life.
During fiscal year 1987, there was marked increase in telephone traffic,
particularly during the last quarter. Much of the increase was attributable
to heightened concerns of Canal area employees and residents fueled by

ongoing political

unrest in Panama.

"hotline" was activated

to more

effectively handle the high volume of calls.
A total of 275 cases were processed by the Ombudsman as compared to

cases

in FY

1986.

number

complaints

continue

flow from

the progressive deterioration and lack of maintenance of highways,
streets and railroad crossings within the Canal Area, which are outside the
responsibility of the Panama Canal Commission.
INDUSTRIAL RELATIONS
During the past year, contract administration activities continued rou-
tinely. Efforts to promote more constructive and harmonious labor rela-
tions have resulted in an increased willingness on the part of management
officials to meet with union representatives to discuss changes in the work
place and attempt resolution of disputes without resort to third parties.

The collective

Association

bargaining agreement with Local No.
Firefighters, was extended for an add'

13, International

itional

year,

until

April

1988.

represented

The
the

agreement

with

Maritime/ Metal

Professional

Trades

Council,

Bargaining Unit,
was extended for

three more years.

The

Commission

was

one

several

U.S.

Federal

agencies

directly

affected by a landmark decision of the Federal Labor Relations Authority

(FLRA)
benefits

which
are not

held

that

intrinsically

union

proposals

non-negotiable

concerning p
The FLRA

fringe

ruled

four

cases involving the Commission

that eleven such

union

proposals were

- -

FINANCIAL REPORT

Panama Canal Amendments Act

30 out-of-locks vessel-accident

claims

been

filed

were

pending,

with

either the

United

States

Congress

or the Commission.

Since the enactment of the

Amendments

Act, th
claims.

Le Commiss

ion has steadily reduced this backlog of vessel-accident

By the end of fiscal year 1987

24 of these claims had been settled

and $15,702,367 (out of a total of $21,266,200 claimed) had been paid to
the aggrieved shipowners.
Two lawsuits for out-of-locks vessel-accident damage were filed before

the pas

age of the

Amendments Act and an additional seven were filed

after its enactment.

By September 30,

1987

, one case had been dismissed by

the Court, while
of $2,084,899.
In fiscal year

six suits have been settled out of court for a total payment

, one phase of litigation arising from the termination

of a contract for the purchase of a tugboat was successfully completed.

The

litigation concerned

the Commission'

termination for default of a con-

tract with a New England builder for the construction of the tugboat Paz.
The contract was terminated in August 1984 when the contractor failed to

make timely

delivery

of the tug.

the ensuing litigation in the Claims

Court

, the contractor demanded $1.9 million in damages,

and the Canal

Commis

sion

counterclaimed

approximately

$750,000.

The

Claims

Court in June 1986 denied the contractor's
favor of the Commission on its countercla

by the U.S.

claim and granted judgement in
dim. This decision was affirmed

Court of Appeals for the Federal Circuit on February 2, 1987

Chapter

FINANCIAL

REPORT

FINANCIAL STATEMENTS

FOR THE FISCAL

YEAR ENDED SEPTEMBER 30

1987

The financial statements of the Panama Canal Commission, appearing

Tables

through

with

accompanying

notes

, present

financial

position of the Commission at September 30,
operations for the fiscal year then ended.

1987

and the results of its

The accounts and

statements of the

Panama

Canal

Commission have

been examined by the Office of General Auditor of the Commission and by

the United States General Accounting Office.

Detailed audit reports of the

United States General Accounting Office are directed to the Congress and
are presented as Congressional documents.

Summary

information

concerning

operating

results

capital

expenditures follows:
RESULTS OF OPERATIONS
Net loss from operations amounted to $0.6 million.

This amount will be

recovered from subsequent revenues as required by section 1341(b)(2) of
the Panama Canal Act of 1979 (Public Law 96-70).
CAPITAL EXPENDITURES

Accrued

capital

expenditures

for fiscal

year

1987

amounted

$29.0

million.
tugboat,

The

principal expenditures were $3.2 million for purchase of

$2.4 million for replacement of a dredge tender, $2.2 million for

ranl 1 na n~ am an+

- a' a- . * * Ln : nh 1

on'1

*5V.Ii~n*.rv*llItr* E*~ll ***EU**UI

mtillin f\r nllrrh lcp nf fhIIP trn L n/

FINANCIAL REPORT

Table 1.-Statement of Financial Position

Assets

PROPERTY, PLANT AND EQUIPMENT:
At cost (Note Ic) .......... .......................
Less accumulated depreciation and valuation
allowances (Notes le and 2) ......................

$915,595,874

447,025,403
468,570,471

$891,030,194

427,840,218
463,189,976

CURRENT
Cash
I

T ASSETS:
and Fund balances
)eposit funds and u
Postal fund ...
Trust fund ....
Cash receipts fo

(Notes 3 and 4):
rndeposited receipts:

rr deposit into U.S. Treasury

134,738
1,214,518
1,088,115
2,437,371

140,954
1,122,442
579,276
1,842,672

Unexpended appropriated funds:
Operating funds ..........
Capital funds ............
Emergency fund ..........

..........a. S ....C
. . . . . s e . .. . . . . C
. . .. . . . . . . .

55,658,038
26,086,026
10,000,000
91,744,064

75,776,159
30,367,019
10,000,000
116,143,178

94,181,435

117,98

Accounts receivable . . . . . .. .. . .. . . .... . . . . . . . . . . . . .. .

9,760,924

9,956,099

Inventories, less allowance for obsolete and
excess stock of $532,268 and $401,972,
respectively (Note Ig) ................

35,139,169

1,887,373
140,968,901

Other current

34,452,692

1,868,675

164,263,316

OTHER ASSETS:
Deferred charges:
Cost of early
Cost of work
(Notes im,
Retirement I

retirement benefits (Note ih)..
injuries compensation benefits
7 and 8a) . . . . . . . . . . . . . . . . ..
benefits to certain former em

ployees

of predecessor agencies (Note lh)

234,720,000

50,344,000

6,628,000

254,280,000

. a * . .e . 5.. ..

7,599,000

nA r tt-a a a

assets

rnr rA*

PANAMA CANAL COMMISSION

September 30, 1987 and 1986

Capital and Liabilities
CAPITAL:
Investment of the United States Government:
Interest-bearing (10.756% and 11.033%, respectively)
(Notes 8c and 9) . . . . . . . . .. . . . . . . . . . . . . . .
Non-interest-bearing . . . . . . . . . . . . . . . . . . . . . . . .

$64,711,276
287,336,291
352,047,567

$49,803,121
287,909,798
337,712,919

Unexpended appropriations (Note 3):
Obligated operating funds......
Obligated capital funds ........
Unobligated capital funds ......
Unobligated emergency fund ...

CURRENT LIABILITIES:
Accounts payable:
U.S. Government agencies
Government of Panama .
Other ........ .. . .. .... ..

. . . . . �.�. . . S. .
� t *.6* * * ** * �..

* * . . . S S S S *S * S S S S S S S S S
S * * S S S * S S S S S S S A S S S S S S S

Accrued liabilities:
Employees' leave .... ....................
Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . .
Cost of early retirement benefits (Note 1 h).....
Retirement benefits to certain former employees

of predecessor agencies (Note I h)
Employees' repatriation ...........

. . . . . . .

. . .

* S

. . . � � �. . . .

Marine accident claims (Note 8d) .... . . . .....
Net revenue payable to Government of Panama
(Note 6) . .. . . . ............ . . ............

Other . .. . . . . . . . . . . ........... . ..

Other current liabilities:
Advances for capital-unexpended (Notes
O their ...................... . .. .

DEFERRED CREDIT:
Advances for capital being amortized
(Notes Id and 9) . . . . . . . . . . . .. .. . . .

LONG-TERM

LIABILITIES

AND

Id and 10)

RESERVES:

Cost of early retirement benefits (Note h).....
Cost of work injuries compensation benefits

S S S S S S S

55,658,038
23,779,004
2,307,022
10,000,000
91,744,064
443,791,631

4,752,021
6,942,830
10,490,935
22,185,786

43,808,225
6,643,633
19,560,000

917,000
613,000
10,296,755

1,889,633
83,728,246

16,316,050
1.109,701
17,425,751

123,339,783

32,517,416

215,160,000

75,776,159
21,196,656
9,170,363
10,000,000
116,143,178
453,856,097

5,119,155
6,574,365
11,989,470
23,682,990

41,845,798
5,856,533
19,560,000

1,017,000
930,000
26,485,284

2,012,762
2,262,308
99,969,685

16,435,985
1,294,778
17,730,763

141,383,438

28,185,316

234,720,000

PANAMA CANAL COMMISSION

Table 2.-Statement of Operations and Non-Interest-Bearing Investment
Fiscal Years Ended September 30, 1987 and 1986

OPERATING REVENUES:
Tolls Revenue (Note 8b) ..
Other Revenues (Note 8b).

.......... . . . . . . . . . . .. . $329,858,775
......... . . . . . . . . . . . 106,275,461

Total operating revenues............. ...... ........

436,134,236

$319,643,202
104,658,022

424,301,224

OPERATING EXPENSES:
Payments to the Government of Panama:
Public services .. . . . . . . . . . . . ...
Fixed annuity ...... ..........
Tonnage. . . . . . . . . . ...... . . . . .

Maintenance of channels and harbors
Navigation service and control......
Locks operation .......... . . . . ....
General repair. eneineerine and

� ,

U D.

services. . . . . . . . . . . . . .
Supply and logistics.... .... .
Utilities . . . . . . . . . . . . . . . . . . .
Housing operations .........
General and administrative...
Interest on interest-bearing
(Notes 8c and 9) ..........
O their .....................

S C C C C

* S S * * **S

eaS**O*** *5*

* S S S 55*55S5**

maintenance

* S S * **C*S4~
* .*.*...**.
*5*5***5 S..
...,..... St
* S S S S S S S S S S

10,000,000
10,000,000
58,072,944
78,072,944

49,264,895
73,257,348
46,527,859

23,970
18,858
30,181
6,380
69,234

10,000,000
10,000,000
56,959,549
76,959,549

40,256,410
70,835,092
49,260,120

21,689
17,909
31,783
4,940
66,487

investment

6,944,752
34,033,132

Total operating expenses

436,724,660

6,786,828
35,379,984

422,288,462

NET OPERATING REVENUE (LOSS)
(Notes ib, 5 and 6). .. .. . . . . . ... .....

(590,424)

2,012,762

INVESTED CAPITAL-NON-INTEREST-BEARING:
Unrecovered costs due from subsequent revenues
(Notes lb and 5). . . . ......... ... .. ......
Net revenue payable to Government of Panama

(Note

Investment at beginning of fiscal year.......
Miscellaneous receipts deposited into the U.S
Treasury . . . . . . . . . . . . . . . . . . . . . . .
Due U.S. Treasury for undeposited receipts..
Interest on interest-bearing investment (Notes
and 9)................................

* . S S S S ~ S ~
* S * S **CS*

ii......

590,424

287,909,798

579,276
(1,088,115)

(2,012,762)
286,084,032

64,668)

1,948,529

INVESTED CAPITAL-NON-INTEREST-BEARING AT
END OF FISCAL YEAR ................. .... .. .

$287,336,291

$287,909,798

6)..............................

FINANCIAL REPORT

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* a S S S
* S * a --

* S *
- RA . . ."

* a *
S0
* 5 5 5
S S,

8.o
*SEv

QI

0"l

S

I-U S *
*" Sc'
c/j~ -,.5

* - -

d.BE~C~

* S S S a *
* S a a a S
* S S S S S
* a . S S *
* S a a S S
ft

* S S 5 5 5
* a *t * * *
* C S a S a
* ft * . . a
* S S S S S
* S S a a a

* a a S

* S S I
* S S *3
* S S

~' a
~~-" so
xao S
4.) o

""~ Ca
S~e S
i.;vj'RS

PANAMA CANAL COMMISSION

00

600

*0b0

.4.-.t
So~o C

p-c"E

-\o%044.r
CMNNO\C'J\0

'f 0~ 0 N4

&-r4

ft . .
* . p.
* . *
* .
* . .*
* . S
* . S
* . S
* * S
* ft
* * S

I*
50)
;oo

V"i
S00
.00

* 0'
* S
* 0p

S Olc'I
. U\brt
S* oc�
.4.-.
*O~0
* C%0,

S-c"

*or-oc

.r-o

* S S
* S S
* S P
* S P
* S
* S
* Su~
* 54)
*

5.'0

*50

:IcI

* )

Sc-O
.00*

HC: *
* CC . S
ag c. c *

*- a ,
-eO
o 0

* p * *
* S * S
* . S S
* p a
* S S *
* S p *
* S P 0
* S S P
* S S P
* S p 5
* S * S
* 5 P S

S S
* S S
4..
a *
*1
* .
* S
S S
- S
* S
* S
* S
* a

*ONt4
5% a;
S

.4.
*0~'
a
* -
P
S
a
P

* S S
* S S
* S S

*E a

* *a a3
*p pc 5

*a Pt

"rF Ca Thf
i~icn- -j

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* a6

r-4.
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a.

aaC

cr2

0

r: \o

X
1111
0)

let
O

FINANCIAL

REPORT

Table 4.- Statement of Changes in Financial Position
Fiscal Years Ended September 30, 1987 and 1986

SOURCE OF FUNDS:
From Operations:
Revenue .....

$436,134,236

1986

$424,301,224

Less operating expenses:
Interest on interest-bearing investment ..
Payments to the Government of Panama
Other expenses . .. .. . . . . ............

Total operating expenses
Net operating revenue (loss)
(Notes lb, 5 and 6) .........

Unrecovered costs due from subsequent revenues
(Notes lb and 5) ... . .....................
Net revenue payable to Government of Panama
(Note 6) ..

Add transactions not requiring outlay of funds:
Depreciation (Notes Id, le and 10) ........
Provision for lock overhauls (Note li)......
Provision for casualty losses (Note ij) ......
Provision for floating equipment overhaul

(Note ik) .
Other .....

.......
. . . g e. ..
� . �. C C �

.......... .g...
. . . . �O. . . ��..��.

* SWSS:

6,944,752
78,072,944
351,706,964
436,724,660

... (590,424)

6,786,828
76,959,549
338,542,085
422,288,462

2,012,762

590,424

(2,01

20,827,542
4,333,000
5,226,464

3,305,000
5,329,995
39,022,001

2,762)

22,587,367
4,141,000
5,200,000

2,500,000
2,055,856
36,484,223

Change in investment of the U.S. Gov
Interest on interest-bearing invest
(Notes 8c and 9) .........
Receipts deposited into U.S. Trea
Disbursements from appropriate
Net property transfers .........
Other... . .... . . . . . . . . . . . . . . . ...

ernment:
ment

isury
1 funds

* S.g g C..
g.e....

Advances for capital utilized (including transit
booking fees) (Notes Id and 10) ..........

Total source of funds ..

APPLICATION OF FUNDS:
Lock overhauls expenditures............
Casualty losses expenditures ......... ..
Accrued capital expenditures ...........
Floating equipment overhaul expenditures

Total application of funds

e.g....e.. S
*..e.......

Se........ a

INCREASE (DECREASE) IN WORKING CAPITAL...
ANALYSIS OF CHANGES IN WORKING CAPITAL:
Increase (decrease) in current assets:
rnach

(64,668)
441,233,422)
456,448,815
(307,238)
(508,839)
14,334,648)

5,968,896
59,325,545

6,028,578
1,917,360
29,011,549
3,219,705
40,177,192
$ 19,148,353

S;SQ4d QQ

,948,
',961,
,819,
,955,
(122,

(25,272,166)

3,623,694
14,835,751

3,717,913
5,704,238
19,853,012
3,322,565
32,597,728
$(17,761,977)

t67 if6f6

FINANCIAL

Table

REPORT

5.--Statement of Status of Appropriations

Fiscal Years Ended September 30, 1987 and 1986

SOURCE OF APPROPRIATIONS:
Operating funds:
Current year operating appropriation ..........
Appropriation Public Law 99-195
(indefinite-funded interest)..................

Obligated operating funds brought forward:

Fiscal
Fiscal
Fiscal
Fiscal
Fiscal

year 1980.....
years-Merged
year 1984.....
year 1985.....
year 1986 .....

. a * a * * .

. . a . . . .
* * . * C * .

. . . . . * * *

. . . . . . we.
"" "'"tS .

* a * a *
* . S . .
* 0* * *
* . . ft ft
* S . S 9

$414,783,000

7,000,000

421,783,000

674,235
9,215,292

5,525,096
60,361,536

75,776,159

497,559,159

$418,584,000

6,450,000

425,034,000

713,275
3,687,150
3,197,827
35,759,615

43,357,867

468,391,867

Capital funds:
Current year capital appropriation (no year)

Obligated capital funds brought forward:
Fiscal year 1980. . . . . . . . . . . . . . . . . . . . . .
Fiscal years 1981 through 1985 ............
Fiscal years 1981 through 1986 ............

Unobligated capital funds brought forward

(no year)
Fiscal year 1980.............
Fiscal years 1981 through 1985
Fiscal years 1981 through 1986

.... 24,403,000

20,908

21,175,748

21,196,656

30,997

9,139,366

9.170.363

.*.a w a ...... Cf
.. *...* .wa...
" . a .t . . . . . . .

25,500,000

124,574
15,107,899

15,232,473

53,346
9,319,873

9.373.219

PANAMA CANAL

COMMISSION

Statement of Status of Appropriations
Fiscal Years Ended September 30, 1987 and 1986

APPLICATION OF APPROPRIATIONS:
Operating funds:
Expenditures from operating appropriations:

Fiscal
Fiscal
Fiscal
Fiscal
Fiscal
Fiscal

year 1980.....
years-Merged
year 1984.....

. *SSS****.*St . te. sS***t. .
*...........S.. ......
*...5S... *5... S ..*...5

. . .. ..� . ..... ."..
S.... ..". .t ......Sta..SS..
.....S.... S..t.S...5 ..*S.S

$362,500
2,316,168

2,011,226
52,852,454
370,222,474

427,764,822

Obligated operating funds:

Fiscal
Fiscal
Fiscal
Fiscal
Fiscal
Fiscal

year 1980.....
years--Merged

year 1984
year 1985
year 1986
year 1987

. ......S . ..... ....

. .... . .. *..S .. ...S. ..S
. . .... CS*... S. . .." ..t .*.e
* �1. t..... ."��. ... ... ...

Unobligated operating funds lapsed ..........

Capital funds:
Expenditures from capital appropriations:
Fiscal year 1980..................
Fiscal years 1981 through 1986 .....
Fiscal years 1981 through 1987.....

Obligated capital funds:
Fiscal year 1980... .. ... .....
Fiscal years 1981 through 1986
Fiscal years 1981 through 1987

Unobligated capital funds (no
Fiscal year 1980 ........

.S.SCWS
.5.55.5....
* **S***. .

.S....t..6...*

at...........S

311,229
1,857,423

2,148,693
5,695,374
45,645 319

55,658,038

14,136,299

497,559,159

31,578

28,652,415

28,683,993

12,070

23,766,934

23,779,004

8,257

392,080,587

674,235
7,352,546
1,862,745
5,525,097
60,361,536

75,776,159

535,121

468,391,867

126,014
19,612,659

19,738,673

20,908
21,175,748

21,196,656

30,997

Is

- a
:2

-S

U"

0"
- t
*-P

U T
I2 !
d�>-�^

cc r~ -l d 'n -� *
N Q\'nr--00 0
00 00 rI n 'n en -

00W~ ~000O \~cr
00 rfl ~N 0 0\ 'flN

t~ 0 N 00 eN

r--en-Nro *00P O 0

t4000 - c c

u64nno ol(Jd0
13 ft

o0 �-e '4 (\ O-C'f
00-tflO c NOOdONO,)

S00t~1I\O N -0 d O~'l

*, : U, cl a f

ft~ CsCUC .

SIrr I I
*~�In0

* ft S ft 4 ft a S a
* ft a 4 * a
* ft ft ft S S a * a
* a ft ft ft ft ft S ft
* a S S S S ft 4 ft
* a S ft ft ft ft
* . 9 9 * ft S S ft
* S ft S 4 ft ft 5 4
* ft 9 ft ft S 4 4

* t f a *
* t f f f Sf
* t f t t 5f
* t f f
* t t f f tf
* c Sl 4 t 4ft 9 f
* ~Ub ft ft f f t
*E S t 4

FINANCIAL REPORT

".8

r;]

PANAMA CANAL COMMIS

SION

NOTES

FINANCIAL

STATEMENTS

1. Summary of Significant Accounting Policies.

The Comptroller General of the United States approved the Accounting
Principles and Standards Statement of the Panama Canal Commission in

his letter dated September 14,

1982.

A summary of significant accounting

policies follows:

Accounting

and

reporting.

required

section

1311(a)

Panama Canal Act of 1979 (Public Law 96-70),

the Act

hereinafter referred to as

, the accounts of the Commission are maintained pursuant to the

Accounting and Auditing Act of 1950.

This requires that the principles,

standard

and related requirements be met, as

prescribed

by the Comp-

troller General of the United States

Treasury and the

, after consulting with the Secretary of

Director of the Office of Management and Budget

concerning their accounting,

financial reporting and budgetary need

The

Accounting and Auditing Act of 1950 also requires that the accounts be
maintained on an accrual basis.

Cost

application

recovery.

generally

required
accepted

section

accounting

1341(e)(1)
principles

to the

Panama

Canal Commission

a United State

Government agency comparable to a

rate-regulated

public

utility

determines

manner

in which

costs

recognized.

The basis for tolls rates is prescribed in section 1602(b) of the

Act.

This

section

known

as the

statutory

tolls

formula,

provides that:

"Tolls

shall

prescribed

rates

calculated

produce

revenues to cover as nearly as practicable all costs of maintaining

and operating the Panama Canal,

together with the facilities

appurtenance

related

thereto

, including

unrecovered

costs

incurred

on or

after

effective

date

interest

depreciation,

payments

to the

Republic of Panama

pursuant to

paragraph 5 of Article III and paragraph 4(a) and (b) of Article

XIII of the Panama Canal Treaty of 1977

and capital for plant

renlrPemPnt

PYnan

lmnn

mnrnmvementc

Tnll

SVIY I1I~ .' ~ *b. WII~l U1A *WIU1 A*IIIO - aII W11I Ai~ - *J .'A It& *- * . SAVA 3 J AL A At

42 FINANCIAL REPORT

Invested Capital to the extent subsequent annual revenues exceed annual
costs.
c. Property, plant and equipment. Property, plant and equipment are
recorded at cost, or if acquired from another United States Government
agency, at the value determined by the Director of the Office of Manage-
ment and Budget. Administrative and other related general expenses are

recovered currently and therefore not capitalized.

The cost of minor items

of property, plant and equipment is charged to expense as incurred.

Advances for

capital.

portion

tolls

in excess

depreciation

recoveries may be programmed

annually

by the

Board

of Directors for

plant replacement, expansion, or improvements. In fiscal year

1986, $3.1

million were programmed for this purpose. In fiscal year 1987 no amounts
were programmed. Such funds are considered capital advances from Canal

users.

Upon utilization, these advances are amortized through an offset to

depreciation expense in an amount calculated to approximate the depre-
ciation on assets acquired with such advances.

e. Depreciation.

Property,

plant and equipment are depreciated

over

their estimated service lives at rates computed using a straight-line method

with additional annual depreciation, identified as composite,

to provide

for premature plant retirements.
The recurring costs of dredging the waterway are charged to expense.

Non-recurring

dredging

costs

substantial

improvements

bet-

terments

waterway

are considered

additions

plant

capitalized and depreciated over their estimated service lives.

f. Accounts receivable.

Uncollectible accounts receivable of the Panama

Canal Commission are recognized as a reduction in revenue when written

Any

subsequent

collections

Commission

accounts

receivable

previously written off are recorded as revenue.

Inventories.

Operating materials and supplies are stated at average

cost, plus cost of transportation to the ultimate destination on the Isthmus
of Panama. An allowance has been established to reflect the estimated cost
of obsolete and excess stock.

State

Retirement benefits. Employer payments to the contributory United
s Civil Service Retirement System and to the Republic of Panama

*

PANAMA CANAL COMMIS

SION

annuity payments

to these

former employees or their eligible widow

reflected
employee

in the

balance

sheet

as retirement

benefits

certain

former

of predecessor agencies and an equal amount is recorded as a

Deferred charge.

As required by the Act,

the Panama Canal Commission is liable for the

increase

in the

unfunded

liability

United

States

Civil

Service

Retirement Fund which is attributable to benefits payable from that fund

or on behalf of, employee

and their survivors under the early retire-

ment

provisions

Act.

The

annual

installment

to liquidate

increased liability is determined by the Office of Personnel Management.

Reserve for lock overhauls.

charge to expense to cover the

A reserve is provided through an annual

estimated cost of periodic lock overhauls.

Reserve for casualty losses. A reserve is provided through an annual

charge

expense

to cover the estimated

cost

marine

accidents

other casualty losses.

Reserve

floating

equipment

overhaul.

reserve

is provided

through

an annual

charge

expense

cover

estimated

cost

overhauls to the Commission tugboat fleet.

Housing

rights.

monetary

value

is assigned

rights

granted to the

United States Government by the

Republic of Panama to

use Canal Area housing transfi

rred to the Government of Panama under

terms

Panama

Canal

Treaty

1977

. The

cost

manage,

maintain and provide livability improvements to these quarters is charged

to expense.

Rental income is included in other revenues.

Under provisions of the Act,

liable for payment of all benefits due

under

vide

Federal

compensation

Employees'

Compensation

workplace

injuries

(FECA)

eligible

which

employees.

pro-
The

Commission accounts for these costs on an accrual basis.

Plant Valuation Allowances.

At July

1951

, certain valuation allowances for property,

equipment transferred from the

Panama

Canal (agency) to

plant and
e Panama

Canal

Company

Canal

Zone

Government

were established

raliinn. in ncokln liun ti-i nnotc nf this Qoccnt trana r r r Al

At frlrtnkrT

Work injuries compensation benefits.

Panama Canal Commission i

*

44 FINANCIAL REPORT

struction projects, the latter being principally the partial construction of a
third set of locks abandoned in the early part of World War II.

Property,

plant

equipment

offset

valuation

allowances,

when

fully or partially reactivated, are reinstated by a reduction in the valuation
allowance and by an increase to the non-interest-bearing investment of the
United States Government in proportion to the value to the Commission
of the reactivated asset.

3. Cash and Fund Balances.

September

1987

cash

fund

balances

totaled

$94,181,435.

total,

$91,744,064

represents

current

unexpended

appropriated funds for operations, capital and the emergency fund, and
$2,437,371 represents postal and trust funds. These funds are deposited:

$87,961,303 in the United States

Treasury, $2,717,457 in commercial banks

and $3,502,675 on hand.

September

, 1986,

cash

fund

balances

totaled

$117,985,850.

Of this total, $116,143,178 represented unexpended appro-

priated funds for operations, capital and
$1,842,672 represented postal and trust funds.

the emergency fund, and
These funds were deposited:

$111,480,204

United

States

Treasury,

$2,209,950

in commercial

banks and $4,295,696 on hand.

The unexpended appropriated funds for operations are limited to paying
operating obligations incurred but not yet liquidated. The unexpended
appropriated funds for capital are limited to paying for the acquisition or
construction of property, plant and equipment.

The emergency fund

States
tures

Panama

represents the amount on deposit in

Treasury which is to be used

insure

Canal

continuous

when

funds

United

to defray emergency expendi-

efficient

safe

appropriated

operation c
operation

maintenance of the Canal prove insufficient for such purposes.

The

postal fund consists of

outstanding money

orders,

postal savings

interest

accrued

thereon.

This

fund

remain

available

until

liquidated.

The trust fund primarily includes deposits made by customers

for future tolls and other service payments.

PANAMA CANAL COMMI

SSION

Section

1302 of the

provides that all appropriations

necessary to

operate the Panama Canal shall be i

issued from the Panama Canal Com-

mission Fund.

The appropriations for fiscal year

1980 were issued to the

Commission from the General Fund of the United States

Treasury.

The

status of the amount still

owed to the General Fund of the United State

Treasury for fiscal year 1980 is as follows:

Operating Appropriation ....................................
Capital Appropriation. . . . . . . . . . . . . . . . . . . . . . . . . . . .... .

Repaid to General Fund (07/81) ..............................
Repaid to General Fund (12/82) .............. . ..... .... ...

Amount owed General Fund of U
September 30, 1987 ..........

Millions
$427.2
36.6

(350.0)
(28.2)

Treasury as of
. . . . . . . . . . . . ... . . . . . . . . * . S

of Dollars

$463.8

(378.2)

$ 85.6

Unrecovered Cost Due From Subsequent Revenues.
Pursuant to the provisions of section 1602(b) of the Panama Canal Act

of 1979 (Public Law 96-70),

the net loss from fiscal year 1987 operations of

$0.6 million was deferred as an unearned cost to be recovered from

sequent revenues.

Also

, in accordance with section 1341(b) (2) of the Act

such

unearned

costs

must

deducted

from

future

net operating

revenue due to the Government of Panama.

6. Net Revenue Payable to Government of Panama.
Based on the provisions of paragraph 4 (c) of Article XIII of the Panama

Canal Treaty,

which

states that an annual amount of up to $10 million will

be paid o
exceed ex

ut of

Canal operating revenue to the extent that such revenue

penditures of the Panama Canal Commission,

net revenue in the

amount of $

.0 million from fiscal year 1986 operation was payable to the

Government of Panama.

Panama on July 20,

This net revenue was paid to the Government of

1987.

Cost of Work Injuries Compensation.

The

Commission

certain employees

administers

for death and

a self-insured

program

disability resulting from

to compensate
workplace in-

iiirie or illnenqes an net forth in the Federal F.mnlnveen'

C.nmnenantion Act

FINANCIAL REPORT

recovered

from

tolls over the remaining life of the

Treaty to

retire this

liability is $75.6 million.

Accounting Changes.
a. Effective in fiscal year

1987

, the Commission changed from a cash

basis to an accrual basis in accounting for workmen'

injury compensation

costs under the Federal Employee

' Compensation Act.

To implement this

change, the cost of accidents will be expensed as incurred starting in fiscal

year 1989.

Also beginning in 1989,

the unamortized cost of accidents which

occur prior to that year will be amortized to expense over the remaining

life of the

Treaty.

In fiscal year 1987

, the total liability for past accidents

was recorded.

This change has no impact on the fiscal year 1987 financial

position or operating results of the Commission.

Effective

with

fiscal

year

1987

financial

statements,

advances

capital will no longer be shown as separate line items on the Statement of
Operations and Non-Interest-Bearing Investment. In prior years, advances

for capital were shown as deductions from tolls and other revenues.

This

presentation

been

discontinued

because

those

collections

represent

direct capital contributions

by Canal

users and

not operating revenues.

The fiscal year 1986 presentation was changed to be consistent with fiscal
year 1987.

Effective January

1986

, the Commission implemented a change in

the treatment of interest required by enactment of Public Law 99-195 on

December 23

,1985 which amended, prospectively, the interest provision of

the Panama Canal Act of 1979.

Under the Act as amended, interest on the

United States investment in the Panama Canal will be deposited into the

General

Fund

United

States

Treasury

as miscellaneous

receipts

rather than into the Panama Canal Commission Fund.

Accordingly,

as of

January 1, 1986, interest will no longer reduce the investment base. Interest
for fiscal year 1986 amounted to $6,786,828 of which $4,838,299 was de-

posited into the General Fund of the United States

Treasury in accordance

with the Act

Public

as amended.
Law 99-209.

dated December 23

, 1985, amended the Act to

authorize the Commission to adjust and pay damages from marine acci-

dent

which

occurred

outside the

locks where the amount

of the claim

PANAMA CANAL COMMI

SSION

nated the non-fund category of marine accident liabilities and recognized

these liabilitie

as funded.

Interest-Bearing Investment of the United States Government.
The interest-bearing investment of the United States Government in the

Panama

Canal is determined

based

on section

1603(a) of

Act.

The

interest-bearing

investment

United

States

Government

September

1987

, and September 30,

1986

was determined as follow

Millions

Dollars

Investment at September 30, 1985
Fiscal year 1986 transactions:
Disbursements.........
Receipts . . . . . . . . . ..
Net property transfers ..

Net change ............

* C *4**C*** * * * * t*t#ttt *6tt*t
* S * * *UC**S9 S******t atttetCt

Investment at September 30, 1986 ...........
Fiscal year 1987 transactions:
Disbursements....................
Receipts . . . . . . . . . . . . . . . . . . . . . . .
Net property transfers .............

$76.9

$411.9
(437.0)

. . . . . . . . . . . . . . . . . .. . . . . . (27.

456.4

Net change ....

Investment at September 30,

* 0 . . . . .
at......

$64.7

Advances for Capital--

Transit Booking System Fees.

With the approval of the Board of Directors,

system was activated in fiscal

year 1983 whereby shippers,

for a fee

can make an advance reservation for

vessel transit.

system generated fund

of $5.8

million in fiscal

year

1987 and $7.4 million in fiscal year 1986.

Such fund

are considered capital

advance

from Canal users.

By direction of the Board of Directors,

these

are set aside for capital improvements.

Upon utilization,

these advan-

ces are amortized through an offset to depreciation expense in an amount
calculated to approximate the depreciation on assets adquired with such
advances.

Contingent Liabilities and Commitments.

In addition to recorded liabilitie

, the estimated maximum contingent

'IC * .a I*

.5. t'

t.1 � �

4 6 a - -

4r f�l -4 *t *L -�lr aL IL a -- - - -, -I I . 4 I - a-- - . 1 *------- - - - -L

STATISTICAL TABLES

Cash and negotiable securities of a kind acceptable by the United States

Government in the amount of $11.4 million were held

United States

depositories

1987,

designated

$8.9

million

Panama

Canal

September

Commission

1986,

t Septem-
guarantee

payment by third parties of their obligations.

The

Panama Canal Treaty of 1977

Article XIII, paragraph 4(c), pro-

vides that an annual amount of up to $10 million per year be paid to the
Government of Panama out of operating revenues to the extent that such
revenues exceed expenditures. Payment to the Government of Panama is
subject to the limitations set forth in section 1341(e) of the Act. In the event
operating revenues in any year do not produce a surplus sufficient to cover
this payment, the unpaid balance shall be paid from operating surpluses in
future years up to the amount available from these surpluses. As of Sep-

tember

30, 1987

Panama amounts

the balance contingently payable to the Government of
to $71.1 million. As of September 30, 1986, the balance

contingently payable to the Government of Panama amounted to $61

million.

12. Treaty Impact.
On September 7, 1977

, the United States of America and the Republic of

Panama signed the Panama Canal Treaty of 1977

The

Treaty provided for

the establishment of the Panama Canal Commission on October

1, 1979,

to assume certain operational responsibilities for the Canal until Decem-

1999.

When

Treaty

terminates

on December

1999,

Republic of Panama shall assume total responsibility for the management,

operation, and maintenance of the Panama Canal,

which shall be turned

over in operating condition and free of liens and debts, except as the two

Parties may otherwise agree.

The effects of these long-range requirements

are not considered in the financial statements.

13. Recent Legislation-Public Law 100-203.

Public Law

100-203, converted the Panama Canal Commission from a

special fund agency to a revolving fund agency effective January 1, 1988.
This conversion to a revolving fund financial structure is not expected to
result in any maior chan e in the accounting Policies and orincioles of the

Chapter

VI

STATISTICAL TABLES

Shipping Statistics

STATISTICAL TABLES

Table 1.-Panama Canal Traffic-Fiscal Years 1978 Through 1987

Traffic assessed tolls
on net tonnage basis

Traffic assessed tolls
on displacement
tonnage basis

Number
of
transit

Long tons
of
cargo

Number
of
transit

Panama
Canal net
tonnage

Number
ofs
transits

Displace-
ment
tonnage

OCEANGOING COMMERCIAL TRAFFIC

..a . a a. .. ....e . . C

194,773,1

:i::'"':'":::~

2,714

142,518,
154,110,
167,214,
171,221,
185,452,
145,590,
140,470,
138,643,
139,945,
148,690,

2,647
2,902
3,476
3,847
3,976
1,668
1,199
1,498
1,901
2,206

156,907,260
167,470,601
182,063,175
188,656,491
202,884,207
169,503,918
162,335,342
168,941,997
182,750,830
186,406,530

09,798
36,600
37,593
11,418
29,684
32,431
16,335
86,623
73,631
30,129

OCEANGOING U.S. GOVERNMENT TRAFFIC '

..a.......t.....
. . . . . .� . . . . . . . . .

*. . .... ta......
.......*.....aa.as

889,093
1,054,169
1,515,326
1,241,442
1,546,746
1,721,925
2,388,272
2,223,938
1,553,037
1,384,125

589,085
726,755
844,748
705,936
794,282
812,840
131,865
148,311
708,616
662,286

214,145
207,640
217,055
143,121
309,206
350,699
410,682
248,967
309,161
239,023

FREE OCEANGOING TRAFFIC

* .... .... ... *
S. ..... ....... . 62
.t ...... .. .. .. 1

. . ... ... . .. . ..14
S.. . . .. .... . 17
S ... ... . ... .. .. 10
S. . . . . . ... .. 13
. . . . . ...... .. . 5

..a....c.... a I. at .

. . . . . . . . '. . 2,504
'.'.. '... '.. '.. '" 2 ,504

.......... a

3,789
4,527
1,686
2,248
5,010
9,119
2,224
2,731
556
2,224

1,100
2,194
4,810
8,544
21,903
5,986
21,025
8,771
20,759
1,300

TOTAL OCEANGOING TRAFFIC

a..a ..a.a* C.* ...
a.... ea t..... t a e
a.a.a.a.at........
tee......a.....e..
.. . . .. a * .*0c Sa
� R 0� �O

195,662,204
209,430,910
293,353,916
303,004,042
325,505,112
287,705,730
289,066,116
300,721,740
322,626,785
329,756,840

142,809,403
154,468,349
167,611,416
171,523,538
185,737,783
145,948,136
140,800,425
138,902,787
140,122,034
148,896,086

2,721
2,990
3,552
3,919
4,052
1,754
1,291
1,587
1,955
2,256

157,500,134
168,201,883
182,909,609
189,364,675
203,683,499
170,325,877
163,469,431
170,093,039
183,460,002
187,071,040

325,043
346,434
359,458
263,083
460,793
489,116
548,042
344,361
403,551
370,452

Fiscal

Total traffic

20

PANAMA CANAL COMMISSION 51

Table 1.-Panama Canal Traffic-Fiscal Years 1978 Through 1987

(Continued)

Traffic assessed tolls
on net tonnage basis

Traffic assessed tolls
on displacement
tonnage basis

Number
of
transit

Long tons

cargo

Number
of
transits

Panama
Canal net
tonnage

Number
of
transit

Displace-
ment
tonnage

SMALL COMMERCIAL TRAFFIC

9, 4 * 4 * 4 9 4 4 * 9 * 4
* * * 4 9 * * 9 4 4 * 4 9 9 4 *
* 4^ 4* 9 * 9 4 9 * 9 9* 9
S* 4 * 4 * * * 44 9 *> 9 * 9< 4
* 4 9 4 * * 4* 4 * 9* 9 4
* 4 9 4 * 4 9 * * 9 4 4 4 9 9 4
* 9 9* 9 * * *4 4 * 94 9 4
* 4 4 * * *9 4* 9 9* 9 9.
* C 9* 4* * 4* 4* * 9 *9

63,526
76,591
74,898
65,604
73,228
73,887
76,921
73,710
89,577
90,829

57,827
69,229
52,052
44,962
50,399
48,033
48,008
45,694
55,249
55,827

145
110
470
.* * * S * 9.

SMALL U

* 4* 4* 49 9 * * 9 49 9# * * 4
* 4 9* 9 * * 9 9 * 44 9 9 9 4
* 9 9* 4 * * 9 * * 4* 9 * 9' 4
* 4* 44* * 4* 4 94 9 4& 9
* . 4. 9 * 9 4. 9 * .* 9 9
9 * ** * 49 4 9 9 9 * * 9 9 *
* 9. 9 * * 4* 9 * 9 4 *4 *9.
* 94 . 9* * 9* * 4 * * 49 94*
* 9* 9 4* 9 * 9 94 9 *4 9 4
* 9 4 4 4 . 9 .4 .9 9 . . 4

GOVERNMENT TRAFFIC

9,504
4,375
5,129
0,712
0,757
1,406
1,998
2,464
7,840
1,106

* 9 44 9 44 9
2
* 9 9 44 9 * 9 9
5
* 44 9 * 4 9 4.4j
* 9. 9 4. 9 * C 9
9 4 9 . 44 9 9

0,742
5,519
4,313
0,431
0,973
1,177
1,282
1,113
6,407
9,572

SMALL FREE TRAFFIC

* S 9* 9 4* 9* 9 44 94 9 9
* 4 * 44 9 9 * 4 4* 9 *9 9

* 9* 9 * * 4* 94 9 44 949�*
* .4 9 * * * 9 9 44� *4 4 * *
9. 9 . 9 .4 9 9 9 9 9 9 4
* 9 9 94 4 * 94 44. 4.

S* * * .......... 70

2,986
2,160
2,317
2,613
2,803
2,321
4,637
1,721

TOTAL PANAMA CANAL TRAFFIC

.4 . . . .4 . .. . .. .. . . I
.9. . . . . . . . .. . . . . . 1
.. .9 . .. ... . . . .. . . 1
. .. .. . . .. . ... ... I
. . . . . . . . . .. . .. . . 9
..4 . .. .. . . .. ... . I
. .. ...... .. ... .. 1
. . . .. .4 . .9 . . .. .. . 1
.... .. . . ... ... . 1
* *4 . * 9 *4 *. * 4 9. * 1

3,808
4,362
4,725
5,050
5,271
2,954
2,523
2,766
3,278
3,444

195,735,234
209,521,876
293,443,943
303,080,358
325,589,097
287,791,023
289,155,035
300,807,914
322,734,202
329,858,775

42,816,393
54,476,079
67,612,203
71,524,895
85,738,781
45,948,818
40,801,136
38,903,258
40,125,818
48,899,425

157,562,393
168,276,137
182,965,335
189,413,001
203,737,116
170,376,563
163,522,412
170,141,227
183,517,249
187,129,305

336,897
362,679
374,388
274,805
473,253
502,303
560,829
356,687
421,102
381.036

Total traffic

STATISTICAL TABLES

Nr CM \Q o9 0% CMt 0% -n Cfl f\ 0

a( 0% 0% 0%I 0% 0% 0% 0% .
N" N~ \ \O (MO O0 'CN \O ef lC
ClIr4 U U(Mr~Jrrl ri r3 r

00 en cc N 0' 'fl Ni CC 0 0' 0
-o F-00 % an'.Qc00-00 ,erl
I 0% N ean cc d rr % en can I.

F*a 0% a' *n a 0% 0% - o
N 0% 001 N~ 'fl && %0� 003 'Clt

~t69

Cl~ If l fld -0 In fl 000% 0 in

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e' 0% 0%1 p. .C~ a'IOEl ~V

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'frl 'Cl 'finool -00 0%IN'C1'

o cc tf 0% 'n on en eJ In t

000 Irn C* en - N 000-F�

Sin O ~0c - Ntn a9 o -

Nanoe1II n C-n oo -o o-an
0%~ p. 0% 0% 0% \IC

an ' l n ylin en 'C In & nne

In~~~r Ni 'C enNNNIl (MOCO

-'a C - n&&C'4 000 NNa

0%0000

N en C, ('4
0% 00 0% 5

-u
U.-

4)>

E -:

* -,

no e

0-

0~

* 4 S S a a
* S * S a S 5 4 a 4 6
* S 6 5 S a a S S S U S
* S S S S S S S a a S S
* S 5 4 5 a * a S S a a
* S a S S a a S S a a
* S a 4 5 5 5 5 4 5
* 6 5 6 5 5 5 S S 4 4 5 5
* S S S S S S S S S S S
* 4 5 S S * S a a S U S a
* * a a a S S S a a a S 6
* a * * a a a S a S 6 4 6
* a S S S a 4 5 S a a S S
* 5 4 a S S S 5 a a S S
* S S S S 5 5 5 S a S S
* S S S 4 a a S S 5 5 6
* a S a * a S S S S S
* a a a S S S 6 S S S a a

PANAMA CANAL COMMISSION 53

Table 3.-Canal Traffic , by Flag of Vessel-Fiscal Year 1987

Measured tonnage

Num-
ber of
Flag transits

I Panama
Canal
net

Registered
gross 2

Long
tons of
cargo

Antigua .................
Argentina . . . . . . . . . . . . .
Australia................
Austria ... . ... .... ... .
Bahamas................
Belgium ................
Bermuda................
Brazil .................
Bulgaria ... .... ... .... .
Canada .................
Cayman Islands ..........
Chile . . . . . . . . . . . . . . . . . . .
Colombia ...............
Costa Ri ca ..............
Cuba . i. . . . . . . . . . . . . . .
Cuba ...................
Cyprus .......... ... ....
Czechoslovakia ..........
Denmark ...............
Dominica ...............
Dominican Republic......
East Germany ...........
Ecuador .................
Egypt ..................
El Salvador .............
Finland ............... .
France..................
Ghana ..................
Greece..................
Guatemala ....... ......
Honduras ...............
Hong Kong .............
India . . . . . . . . . . . . . . .
Israel ..................
Italy................... .
Japan ................. .
Jordan ................
Kuwait ...... . . .. . . ..

M alaysia................
M alta ....... ... . .... .. . .
M exico ... . . . . . . .......
Morocco...............
Netherlands .. ..........
New Guinea .............
New Zealand ............
Nicaragua...............
Nigeria . . . . . . . . . . . . . ....
North Korea ............
Norway . . . . . . . . . . . . . .
Panama ................
People's Republic of China
Peru ...................
Philippines..............
Poland .................
Portugal ................
Qatar ...................
Rumania................
St. Vincent ..............
Samoa ..................
Saudi Arabia ............
Sierra Leone ............
Singapore...............

9,426
56,649
130,817
3,115,197
1,038,579
137,689
198,488
157,555
71,815
549,977
797,819
1,505,666
6,333
769,338
4,726,979
44,718
4,530,447
3,370
1,256
363,742
4,583,825
36,162
5,715
22,491
989,574
39,427
9,845,011
24,528
53,359
897,094
526,231
1,353,472
1,541,314
24,215,003
30,903
145,153
25,361,198
337,142
211,867
2,301,627
29,614
2,421,114
1,392
17,716
16,094
9,924
8,556
1,608,175
40,136,752
2,035,988
1,337,188
5,919,793
750,389
166,934
24,250
80,076
82,330
27,597
56,552
674
5,144,510

10,076
69,044
149,251
3,720,897
1,202,637
155,952
265,198
192,231
91,098
280,936
913,221
1,443,645
4,309
906,822
5,495,912
53,621
5,650,781
2,954
998
405,311
5,307,672
44,204
5,730
24,464
761,667
52,016
11,240,399
28,903
66,149
1,053,491
636,134
1,786,701
1,889,868
16,458,153
38,922
184,794
25,075,674
382,639
259,485
2,772,637
30,812
2,638,872
1,190
15,430
18,414
13,197
9,160
1,621,850
40,304,380
2,538,507
1,487,855
6,214,564
856,935
207,263
30,250
88,048
100,794
31,650
67,746
964
5,098,676

$13,026
17,250
103,668
228,879
5,542,319
1,864,069
235,681
366,546
266,523
120,364
1,005,360
1,428,636
2,716,083
11,239
1,362,958
8,538,748
80,325
8,227,417
5,544
2,066
641,679
8,011,041
66,176
10,036
41,159
1,813,581
72,151
17,557,206
42,293
91,209
1,600,273
926,691
2,476,854
2,706,305
40,835,609
56,552
265,630
44,452,492
610,898
387,717
3,854,499
52,724
4,371,797
2,032
28,062
23,497
18,161
15,657
2,903,936
70,695,766
3,764,969
2,377,431
10,552,406
1,361,751
279,931
44,378
131,725
149,083
50,503
103,490
1,233
8,988,310

6,392
2,811
37,855
173,113
2,257,283
1,076,395
100,725
194,958
73,111
31,782
113,735
707,981
466,575
738
492,422
5,435,920
54,783
2,801,117
1,108
819
128,832
3,326,892
60,722
935
30,699
501,106
27,537
12,694,682
27,901
16,739
911,622
589,854
969,014
1,086,927
7,489,522
56,746
109,942
24,885,302
568,963
360,047
1,729,870
37,859
1,973,246

267
..........
7,354
11,121
1,299,110
30,923,310
2,540,121
1,477,623
7,421,945
464,811
37,176
16,110
61,102
109,326
16,672
55,062
15
4.183.975

STATISTICAL TABLES

Table 3.-Canal Traffic

, by Flag of Vessel-Fiscal Year 1987-Continued

Measured tonnage

Vanuatu . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Venezuela .....................................
West Germany .......... ..... ............. ...
Yugoslavia ....................................
Total . . . . . . . . . . . . . . . . . . . . . . . . . .

Num-
ber of
transits
30
138
269
67
12,230

Panama
Canal
net

254,430
355,579
3,069,968
858,697
186,406,530

Registered
gross 2
236,185
401,646
3,566,915
1,007,482
190,800,411

Long
tons of
cargo

458,455
635,142
,573,453
,556,589

$328,372,714

246,105
206,545
2,192,702
996,956
148,690,380

I Includes only commercial vessels of 300 net tons and over, Panama Canal measurement, or of 500 displacement tons
and over on vessels paying tolls on displacement basis (dredges, warships, etc.).
2 Includes 8 transits where no registered tonnage was reported.

NOTE.-In Canal traffic statistics, foreign naval vessels such

as transports, supply ships, tankers, etc.,

with a measure-ment of 300 net tons (Panama Canal measurement) and over, and vessels of war, dredges,
etc., with a displacement of 500 tons and over, are classified as oceangoing commercial vessels. Statistics on

these

vessels,

except

as related to displace-ment tonnage, have been included in the table above.

displacement tonnage cannot be combined with net tonnage, the following table shows statistics covering
24 vessels which transited the Canal during fiscal year 1986 and paid tolls on displacement tonnage.

Num-
ber of
transit

Brazil
Canada
Ecuado
France
Japan
Mexico

.................... ............................ .. N aval
I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . Naval
r .................. . ...... ..... ........ ............ Naval
S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N aval
............................. ..... .. ...... ..... . N aval

I.

S ... . . .. . . . . . . . . Naval

Netherlands . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D redge
People's Republic of China ................. ............... Dredge
Sweden . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . N aval
United Kingdom . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Naval
United States ................... ........ ....... ... .. ...... Dredge
Uruguay ....... . . ... . . ........ . . .. . . ... Naval
W est Germany........... ............ ........... .... .... Naval

4
2
I
1

Displace-
ment
tonnage
3,248
7,635
5,200
8,140
12,880
3,530
8,001
51,836
3,357
13,231
10,421
700
1,950

$3,313
7,788
5,304
8,303
13,138
3,601
8,161
52,873
3,424
13,496
10,629
714
1,989

Total.

S a a a � * a k * a b * a * * a * a n * * . a a a a � t a a * a � a * a a * a * a a 24

130,129 $132,732

Statistics compiled by Office of Executive Planning.

STATISTICAL TABLES

t~r-rn OO
9C0 - c
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P r-en\O nv 0 \ r-nent~
SN SN) SN I s N~(r
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69

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64

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69

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en 0% CM
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00 0 rn
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64

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64

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69

naoOON

Nrn'Cn9 1
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r-~or'r-

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PANAMA CANAL COMMISSION

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STATISTICAL TABLES

Table 5.-Laden and Ballast Traffic by Flag of Vessel

Fiscal Year 1987

Laden

Ballast

I Nu4m-
ber
of
Flag transit

Panama
Canal net
tonnage

I Num-
ber
of
transit

Panama
Canal net
tonnage

Antigua.......
Argentina.....
Australia......
Austria .......
Bahamas......
Belgium ......
Bermuda......
Brazil ........
Bulgaria ......
Canada.......
Cayman Islands
Chile .. . . . . . . .
Colombia .....
Costa Rica ....
Cuba .........
Cyprus .......
Czechoslovakia
Denmark .....
Dominica .....
Dominican Rep
Fast flprmanv

* 9* 9
** 9*
....
* 4 4 9
.4*9
99..
* 449

* 9* *
* 9* *
* 9 *
* 9*4*
....
....
....
* . . 4

* 9* *
* ft* *
* 4* J
** 9 **
* 9* *
* *44
* 9 * 4
* 9&*
ubli

ublic

.f-.fc^.. * w *99W49/ 9 9 9 4 9
Ecuador ..........
Egypt ............
El Salvador .......
Finland ..........
France... ........

Greece............
Guatemala ........
Honduras.........
Hong Kong .......
India ............
Israel . . . . .... ..
Italy..............
Japan ............
Jordan . ... . ... . ..
Kuwait ...........
uiberia . . . . . . . . . . .
Liberia ...........
Malaysia..........
M alta . .......... .
Mexico ...........
Morocco.........
Netherlands .......
New Guinea.......
New Zealand ......
Nicaragua.........
Nigeria ...........
North Korea ......
Norway...........
Panama ..........
People's Republic of
Peru . ..... ......
Philippines........
Poland ...........
Portugal ..........
Qatar. ..........
Rumania..........
Saint Vincent......
Samoa ............
Saud Arabia ......
C*: - - - -. -.

* * 4 *9*

* #4* * 4 *
* *9*S*

* 9 * 9* f
** * * *
* * **
.* . . *
* ****
* 44. 4
.* . * . .

* 9* 994*

*> *4 944*
.4.. 9 . .

* 9 * 499
* . . 9 * *

* 94* 94*

* 44* 44*
* 4 .9. 9*.

* 9 * 994
** 9 * * *
* 4** 44*
* . . * . 4
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* 9****

*.. 9 . ..
* 994.*
.4.... 4
* 4. . .9
*..94.*
.....A
* 4 . .

* . * 949 .

* . 9 9.

China

49*4..
* ...449

I
2
4
198
52
6
18
9
4
48
69
155
I
13
II

1

402
432
4

62
4

594
5
9
36
21
67
80
860
3
12
995
14
13
73
3
201

2

66
2,058
102
119
266
90
17
2
2
6
3
4
4

9,426
56,649
102,396
2,686,842
939,847
93,661
198,488
98,630
20,883
547,009
696,072
1,399,489
5,386
647,904
4,425,293
40,640
4,359,364
1,685
628
298,961
3,549,601
36,162
4,572
22,491
974,324
39,427
8,604,027
17,520
35,958
785,178
428,091
1,353,472
1,232,395
14,779,841
30,903
145,153
20,090,557
320,731
211,867
1,325,738
25,643
2,240,027

5,938
* ** ....... ** * 938

9,924
8,556
1,502,705
32,692,184
1,998,795
1,149,018
5,160,832
719,413
97,857
24,250
40,038
78,056
27,597
56.552
yiA

$13,026
17,250
103,668
187,385
4,916,921
1,719,920
171,400
363,233
180,493
38,216
1,001,026
1,273,812
2,561,065
9,856
1,185,664
8,098,286
74,371
7,977,636
3,084
1,149
547,099
6,495,770
66,176
8,367
41,159
1,783,013
72,151
15,745,369
32,062
65,803
1,436,876
783,407
2,476,854
2,255,283
27,047,135
56,552
265,630
36,757,356
586,938
387,717
2,426,101
46,927
4,099,249
........
10.867

18,161
15,657
2,749,950
59,826,697
3,657,795
2,102,703
9,444,323
1,316,526
179,078
44,378
73,270
142,842
50,503
103,490
i /'i^

* * 9* 1J m*I
1I
48
9
5

6
3
2
15
20
I
30
46
1
24
1I
I
12
99

I
* . 4444

10
* * 9* 949*
84
2
5
7
5
* 9. .9.9.
18
307

230
1
I

48
1
38
I
2
3

8
409
4
20
39
9
12
* **. 9* ..
2
I

28,421
428,355
98,732
44,028

58,925
50,932
2,968
101,747
106,177
947
121,434
301,686
4,078
171,083
1,685
628
64,781
1,034,224

1,143

15,250

1,240,984
7,008
17,401
111,916
98,140

308,919
9,435,162

5,270,641
16,411

975,889
3,971
181,087
1,392
11,778
16,094

105,470
7,444,568
37,193
188,170
758,961
30,976
69,077

40,038
4,274

* 4 4....... *

541,495
625,398
144,149
64,281

86,030
74,361
4,333
148,551
155,018
1,383
177,294
440,462
5,954
249,781
2,460
917
94,580
1,509,967

1,669

22,265

1,811,837
10,232
25,405
163,397
143,284

451,022
13,775,337
* . 9 4 * 4. *9.

7,695,136
23,960

1,424,798
5,798
264,387
2,032
17,196
23,497

153,986
10,869,069
54,302
274,728
1,108,083
45,225
100,852

58,455
6,240

PANAMA CANAL COMMISSION

Table 5.-Laden and Ballast Traffic by Flag of Vessel

Fiscal Year 1987-Continued

Laden

Ballast

Taiwan . . . ...... .. . .
Thailand ...........
Toga . . . . . . . . . . . . . .
Turkey ............
United Arab Emirates
United Kingdom ....

United

States

..

Uruguay ......
U.S.S.R.......
Vanuatu ......
Venezuela.....
West Germany.
Yugoslavia ....
Total ..

I Num-
ber
of
transit
184
I
4
19
I
347
471

485
25
212
257
63
10,084

* A A A A
* *A* * *
* A
* A A *
* A A A A
* A * * A
* 4A*

Panama
Canal net
tonnage
5,047,563
14,202
23,872
236,419
12,058
6,761,045
4,079,605

3,865,677
235,101
313,505
2,944,084
818,625
151,607,532

Tolls
9,237,040
25,990
43,686
432,647
22,066
12,372,712
7,465,677
* A A * * * * * . A -
7,074,189
430,235
573,714
5,387,674
1,498,084
$277,433,446

I Num-
ber
of
transit

* . 4* A A A

6

46
192

150
5
26
II
4
2,122

Panama
Canal net
tonnage

44,113

535,579
1,866,606

1,111,327
19,329
42,074
125,884
40,072
34,798,998

Tolls

64,405

781,945
2,725,245

1,622,537
28,220
61,428
183,791
58,505
$50,806,537

Above table involves only commercial vessels of 300 net tons or over, Panama Canal measurement.
Statistics compiled by Office of Executive Planning.

STATISTICAL TA BLES

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STATISTICAL TABLES

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* a S
* a S
* 9 9
* a S
* a S
* a S
* S
* a *
* a

STATISTICAL

TABLES

Table 10.--Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific

[Thousands of long tons]

Fiscal year

EAST COAST UNITED STATES TO WEST COAST
UNITED STATES:
Canned and refrigerated foods, miscellaneous ....
Chemicals and petroleum chemicals ............

Caustic soda . . . . . . . ............
Chemicals, unclassified ...........
Toluene . .. . . . . . .. . .. . . . . . . . ....
Petroleum chemicals, miscellaneous
G rains . .. .......... ..... . .. . *. ..
Corn . . . . . . . . . . . . . . . . . . . . . . . . . . .
Machinery and equipment, miscellaneous
Manufactures of iron and steel.........
Other and unclassified... .......
Njtrates, phosphates, and potash......
Ammonium compounds ........
Phosphates ........ .... .. . . . .

Ores and metals .........
Ore, alumina/bauxite
Petroleum and products .'.

Fuel oil, residual
Gasoline.......
Jet fuel........
Lubricating oil .
Petroleum coke.
Other and unclas

C

.0. .. . . . . . .. "
.......m .....e

...........S .
. . C . * . * . � "S * t

* C S *S***e** S C * *4**CBSC S
* C***S** C S * *45CC C*S*mS*S C
* C C S S S C C * St tee**S~~* 050CC
* a a * . . * * * . * m m5g...... S CO
* . C SC * S S S S S CC*t *.e. etgg.e

* See......
...........

,sified

Miscellaneous...........

. ..... "" . ... 0 ..
t...C . *.. .. .. ...
SCS...*C m.S*.*. m

. me*. . * . " .". .. m S . . . . . ..

CCC....

All other and unclassified

Total

* . S C *Cm*SCCC** C C * S
* . C Cm~*SCS* C S C C S S
. C S C C ~ C S C C *CSSS*CC

9

* * * * a *

278
28
86

162

2
16
16
682

EAST COAST UNITED STATES TO WEST COAST
CANADA:
Nitrates, phosphates, and potash ...............

Phosphates .
Miscellaneous ...

* CS#C Stat

All other and unclassified

Total

........ . S...*CC m ...
St...C... .. . . m e.......S"

EAST COAST UNITED STATES TO WEST COAST
CENTRAL AMERICA:
Chemicals and petroleum chemicals, miscellaneous ....
C oal ........... .... .......................... .

13
832

11
*. ..--

2
9
9

32
947
81
479
184
169

34
311
311
1,540

603
603
25
25
628

* S C.."0

......

38
16
22

530
37
147
28
260
57
1
466
466
1,366

10
818

-7 S-L I

J 'lL

PANAMA CANAL COMMISSION

Table 10.-Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific-Continued

[Thousands of long tons

Fiscal year

EAST COAST UNITED STATES TO WEST COAST
CENTRAL AMERICA-Continued
Nitrates, phosphates, and potash-Continued

Ammonium compounds
Fertilizers, unclassified ...

Phosphates
Potash

' " ' ""*mcies
* �.esc*....�

. .. . e. .c.. .. .. S....

Ores and metals ............
Other agricultural commodities

Oilseeds ..........
Petroleum and products
Diesel oil . .....
Gasoline. ........
Fuel oil, residual...
Lubricating oil ....
Petroleum products,
Miscellaneous.........
Flour, wheat ......
Oil, vegetable .....
Paper and paper pro
Tallow ...........
All other and unclas;

S. . . . . .... .. ... . . . . . .
�.. .... ..m..e...... � ..

. . .S.. . a. . . . . ....... e m e .v e. . .
* ccc ..... .em g ccc . . ... av. . ..
* c S St t . . . te a .v ee.eev
miscellaneous .........

" ..."" "...... e .... . . . . � �
* e .... ...c.... ems.. ....

ducts

sified

Total

me ..........m...... c...
..c.*.ye.. ....., e.......
.� � � e� .e...c�eva a a a �
� a emcee� �c � � v a�v.a� �

42
152
80
49

6
17
51

8

18
25
2,234

34
113

1,536

EAST COAST UNITED STATES TO WEST COAST
SOUTH AMERICA:
Canned and refrigerated foods, miscellaneous .....
Chemicals and petroleum chemicals ............

Caustic soda .. . . . . . . . . . .
Chemicals, unclassified .........
Petroleum chemicals, miscellaneous
Coal and coke . . . . . ....... .
Grain . ...... . . . . . . ......

cv...........
"'.'. . . 6" .6.

59
171
37
13
94
6
21
64

1.884

23
231
61
164
6
162
1.772

Corn........
Oats . . . . . .
Rice . . . . . . .
Sorghum ....
Soybeans....
Wheat .....
Other and unc

e...c...... .c...... ..e * C * * ..
eec ..... ...... ee . . e . . ... . e .e.e..c..
tee .... .... e. c .. cc.. .. . .... e t. .. . ...
* a v.a. .. . . ..... ... e.e. e. e. . . .. . a v a
ac . . .. . .......... .e.e. . .... .eva v . .. . .

lassified

Lumber and products ....
Pulpwood .........
Other and unclassified

......... S **cCvtam mcccv..
a... e.e.c...... mccc......
cc..... e e.e.c...... cc....
Ce...... cm..... C * C ~~CCCCS

473
4
29
a."..�. ".

91
1
37
85
154
1,403

8

cc....

7

STATISTICAL

TABLES

Table 10.-Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued
[Thousands of long tons]

Fiscal year

EAST COAST UNITED STATES TO WEST COAST
SOUTH AMERICA-Continued

Minerals, miscellaneous
Soda and sodium co
Sulfur. . . . . . . . ....
Other and unclassified
Nitrates, phosphates, and
Ammonium compou
Fertilizers, unclassifi
Phosphates ......
Potash . ........
Ores and metals .......
Ores, miscellaneous
M etals ....... ..
Scrap ........
Tin, including ti
Other and uncla
Other agricultural common
Oilseeds ..........
Sugar . . . . . . . . . . .
Sugar ..........:.
Other and unclassified
Petroleum and products

Diesel oil
Gasoline.
Jet fuel..

......
....t.
" " " " �

*..

mpol

pot.
minds
ed .

.e..............ec...... S
.ash . . . . . . . . . . . . . . . . . . . .

�* * * c * cc ct c . . a a * t . *
ash. .. ... e ......e........
. .. .. .. .. .. . . . . . .

. .. .. .. .. .. . . . . . .

*. .ie d ..............c ......
..cc.................... . . ..

ossified . . . . . . . . . . . . . . . . . . . . i
cities . . . . . . . " . . . . . . � " . " . . �

c. .................C .e.. ..

.. * a. a

Liquified gas .......
Lubricating oil .........
Residual fuel oil....
Other and unclassified...
Miscellaneous ..............
Bricks and tile .... . .....
Carbon black ..........
Clay, fire, and china.....
Flour, wheat...........
Groceries, miscellaneous.
Oil, coconut ...........
Oil, vegetable ..........
Paper and paper products
Resin ... ..............
Rubber, manufactured ..
Tallow . . . . . . . . . .. . ....
Textiles . ..............
All other and unclassified

.. . . . . . " . . . . � . . . . . . ."
� S * Ct�*S C * * *SS*C*C C cc**

* C *c * * * * eC e t e cc *****
* ..... .. .....e e...
..e.C.. ... . . . "�ec.. CaS
. .ccc. . . tecaee ...eC.. c. .

" . " .." . . '"... ....
e ......... . s...... cc

e.. e at t . . '" a a acc�c . *
t e . . .. ....... S . .. . . .ee. .

14
5

738
18
370
275
75
175
26
149
146

3
75
2
73

108
27
4

13
61

3
812

1
83
6
134

127
3
2
5
4

1
256
65
75

52
25
29
10
577
3
1
13
15
2
1
54
111
36
4
33
7
297
-< ?ft

A 17

1 Mk

PANAMA CANAL COMMISSION

Table 10.-Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific--Continued
[Thousands of long tons]

Fiscal year

EAST COAST UNITED STAT
R.P.-Continued
Petroleum and products ..
Diesel . . . . . . . . . . . . . .
Fuel oil, residual.....
Other and unclassified
Miscellaneous ...........
Oil, vegetable .......
All other and unclassifi
Total ............

ES TO BALBOA,

.0. c...".... . . . . . . .e. . ...0
. . . " . " " " " " . . . " . . . . . . . . . . .
. . . " . " " " . . . . . " " . . . . . . . . . .
.ed . . . . . . . . . . . . . . . . . . . . . .
*. ........... c.... c......
ied ccme........a....4.44cc..

34
11
77

65

EAST COAST UNITED STATES TO HAWAII:
Petroleum and products .........................
Jet fuel . . . . . . . . . . . . . . . . . .. . . . . . . . . . . . .
M miscellaneous ...................... . . . . . . . .. ..

All other and unclassified
Total ...............

". ....tt .... .... " ..e.
C . '"... ..........0..""

32
".c....

32

* 5***,

46

EAST COAST UNITED STATES TO OCEANIA:
Chemicals and petroleum chemicals .........
Caustic soda . . . . . . .. . . .. . . . .. . . . . . . . .

55C5 55CC

Chemicals, unclassified ........ ..........
Petroleum chemicals, miscellaneous .............
Coal and coke................... ... ..............
G rains ............... .. . . . . . . ..
R ice ................................. .....
Soybeans ... .......................... .....
Other and unclassified........................
Lumber and products ........... .. ... ........... .
Pulpwood ........... ..... .. ..............
Machinery and equipment ....................

Agricultural machinery and implements..
Automobiles, trucks, accessories and parts
Construction machinery and equipment..

Other and unclassified ................
Manufactures of iron and steel, miscellaneous
Minerals, miscellaneous ................
Nitrates, phosphates, and potash...........
Ammonium compounds ..........
Fertilizers, unclassified ............
Phosphates . . . . . . . . . . . .. . . . . . . . . . . .

.......t C
ace....
... .... 5
. . ccc .ca. .
......C..S

* *......

34
* . c26
26
26
1I
* C C * SC*
1

* S C C C *
..5..79
me.....
579

1
40

7
7
3
1

2

3
8
403

...4...
48

2
2
11
1
4
5
1

10
743

n .. - -

STATISTICAL

TABLES

Table 10.-Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific- Continued
[Thousands of long tons]

Fiscal year

EAST COAST UNITED STATES TO OCEANIA-
Continued
Miscellaneous-Continued
Paper and products ............. .....
Resin . . . . . . . . . ... . . . . . . . .
All other and unclassified .............

Total

2,069

1,772

EAST COAST UNITED STATES TO ASIA:
Canned and refrigerated foods.........

Canned foods, miscellaneous ..
Refrigerated foods ...........
Fruit ..................
M eat. .............. . ...
Other and unclassified ....
Chemicals and petroleum chemicals
Caustic soda ................
Chemicals, unclassified .......
Benzene . . . . . . . . . . . . .. . . . . .
Toulene . . . . . . . . . . . . . . . . . .
Petroleum chemicals, miscellany

Coal and coke
Grains ......

Barley...
Corn....
Rice ...

* * **c* ccc...... C C
* C *** * C Cs C *USC9Ct
* m** *U*c*5*C S C * * 9
* 5~ *54SSCCCC C CC*C
* * * c~.a. * * * *4* * Ct
* C C Ce *9*9 teSt *.*.
* C CCSSCCSS* 5t5 S S *
* *. . e.tes*** 9#me*
* * . em. e*..e*ee Ce.
scm...... tee.....
~ous C C * C C C C C C S S C

........0..SSS.. *.. 9. t.. s.... ........ss
*...t.*.. *...**.....c*.........t~. m m m m....
.*.........ems........ m..m...... ssecC
...e . m. mc.. ..... c ...........e...*..*
m e. .. . .. . ..m....... CCCCCC* ** m........ m. mc

Sorghum .....
Soybeans...........
W heat .............
Other and unclassified
Lumber and products ....
Pulpwood ..........
Other and unclassified
Machinery and equipment

... . . . . . . . . . . " . . . . . . . . . � .
*. .m . ... . . .e.. .. . . ..s... �"
* a. . . . .. . e e es. . . . W . .SC.
* ....Cee............c...
tee.............te... *~*mm

cetest............. mmmmm*

Agricultural machinery and implements..
Automobiles, trucks, accessories and parts
Construction machinery and equipment..
Electrical machinery and apparatus......
Other and unclassified.................
Manufactures of iron and steel..............

Angles, shapes, and sectic
Plates, sheets, and coils.
Wires, bars, and rods...
fltkorl ,taria lon iinlnic&lCA

mmmcm...
CCCCCCU
* C C CCC**
949999Cc
s.c.m...
* C

* Stetteec 55m~~m c . cm
* *mmmm*Cm c*c**C* * *
S eSeSeSSe C CCC~m~mC*

262
115

147
2,846

151
1,860
58
133
644
5,669
26,277

110
14,881
15
2,521
7,098
1,452
200
510
510

29
2
2
4
3
18
199
11
100
22
I;,

166

67
.....s..
99
1,973
63
1,404
7
1
498
7,000
17,665
106
8,215

2,223
6,413
623
85
400
400

41

2.116
2,116

111
3
108
28
1
79
1.919
41
1,340

2
536
7,990
17,731
31
7,853
1
2,033
5,725
1,984
104
284
279
5
49
5
5
14
6
19
41

SCC S

. I

PANAMA CANAL COMMISSION

Table 10.--Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued
[Thousands of long tons]

Fiscal year

EAST COAST UNITED STATES TO ASIA-
Continued
Ores and metals-Continued

Scrap ..... . . . . .. .
Tin, including tinplate
Other and unclassified
Other agricultural commodities

* .. ma..... .. ...... * a a
. .s " " . " . " .. a . s
* a . C t a . .a. .a.aa a..

1,971

10

2,877

2,048

Beans, edible........
Cotton, raw.........
Sugar . . . . . . .. . ..
Other and unclassified
Petroleum and products ..
Gasoline............
Kerosene ...........
Liquefied gas........
Lubricating oil ......
Petroleum coke......
Diesel.......... ....
Residual fuel oil .....
Jet fuel .............
Other and unclassified
Miscellaneous ..........

Bricks and tile.........
Carbon black ........
Clay, fire and china ....
Fibers, plant .........
Flour, wheat..........
Groceries, miscellaneous
Marble and stone ......
Oil, vegetable .........
Paper and paper product
Resin .... ...........
Rubber, manufactured .
Tallow ...............
Textiles ..............

S

Tobacco and manufactures
All other and unclassified .

. . . . . . .
....... 4

. . .S. * . . a * * . * * * . C U . . S... . .
. . . s. a.amm mm ..... mt. . .... as.
.......aa m mat e.* ...*.* a.a .. a
..........5 a ...... a........ss
. a. . ... ........ a m...... at . . .. . .
*...........*a am e. e.tsa. .....
. . . a a Ct. et. . e. . s.a.. s . . . . . . . . .
.m.. ast .5.....a ............s S
..a...t .. *......... * ........a
a . . . . .* ..... S CS.Catt .s a . a .eat.
a a.......aas ........ *....a .e
* a .. a. ... ..... a m a...... as. . . ...
* . .*. . .t. . . . . . . . . . .

*s S *i~amtsa a.
a. ...... . * .... �.. ..� "
as.......m.mmm.m....m.. S

.C.t U..................5
...a.....a......st..... a

s...........a .....,.as .. *
..a.a.a.a....a....aaaa. a

...S.................
a................ attC
*.. .. ...a....aaaaa e ...

150
3
2,062

414
26
192
114
1,061

225
30
5895

369
1

22
8
71
355
40

1,824 821

120
60
324
81
1,106
29
82

22
4,929

17
312

13
I
5
63
166
78

3 .......
5,017 4,258

3

130
71
447
50
28
92
4,678

1
24
364
6
4
16
9
70
184
181
7
2
50
4
3,756

Total

EAST COAST CANADA TO WEST COAST UNITED

STATES:
Manufactures of iron and steel.
Plates, sheets, and coils ...
Oret ant metal

50,486

40,420

. S.S...

40,976

aa.....
* a ease.

U-,

28

STATISTICAL

TABLES

Table 10.-Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued
[Thousands of long tons]

Fiscal year

EAST COAST CANADA TO WEST COAST CENTRAL
AMERICA-Continued
Manufactures of iron and steel, miscellaneous-Continued

Miscellaneous ..........
Paper and paper products
All other and unclassified

* * * * * *e ~ *... S SS C S

......................
* C CSRS. . . S . . . .. S . ..S..S

Total

EAST COAST CANADA TO WEST COAST SOUTH
AMERICA:
Canned and refrigerated foods, miscellaneous.....
G rains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Wheat

Lumber and products

.... " '"."....

* S

Pulpwood .......... ......... . .
Machinery and equipment, miscellaneous ...
Manufactures of iron and steel, miscellaneous
Minerals, miscellaneous ................

Asbestos ..... .......... .
Nitrates, phosphates, and potash

Potash . . . . . . ..
Ores and metals ....
Metals ... . . . ..

CCC......
. . U U U U .URC.
. . . . . . . .U.

Tin, including tinplate
Miscellaneous ...............
Paper and paper products.
Resin . . . . . . . . . . . . . . . . . .
All other and unclassified .

Total

11
4

. . . . m e . .

. ....UU. ... . .....
......SC*.........*.C S

. . CS. U C *CU *SS CSCS ...
*. SSSSS.. SU C*C' *.. .S

* ....S.S.C.C.C.C......S5 5
C e C. .... C.. *SSS *PR

EAST COAST CANADA TO OCEANIA:
Canned and refrigerated foods, miscellaneous
Lumber and products ................

Pulpwood ................
Machinery and equipment ......
Minerals, miscellaneous ........
Nitrates, phosphates and potash .
Potash . . . . . . . . . . . . . . . . . . .
Ores and metals .............
Ores, miscellaneous .....
t S 1

9
16
16

37
19
4
14
100

1
i
2
14
14

38
17

21
68

.. ..C. .
* *.*...e..

23
6

4
4

.......

9
9
12
12

1
1
64
33
1
30
89

3

8
8

�'

PANAMA CANAL COMMISSION

Table 10.-Important Commodity Shipments Over Principal Trade Routes

Atlantic to Pacific-Continued

[Thousands of long tons

Fiscal year

EAST COAST CANADA TO ASIA-Continued
Canned and refrigerated foods-Continued
Fish . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
Other and unclassified..............
Chemicals and petroleum chemicals, miscellaneous

Grains

Soybeans ...........
W heat . . . . . . . . .....
Other and unclassified
Lumber and products ....

Sc . . . � " " . . " .t . . . . . .. . .
* � ". .e . . . . " . e . . e . .. . m .

. . .mc . � " . . . . . . . . .. . . � .

Pulpwood . . . . . . . . . . . . . . . . . . . . . .
Other and unclassified ..........
Machinery and equipment, miscellaneous

Manufactures or iron and steel,
Ores and metals ...........

*.me........ .
* C mmmm m**t a
S.O m s c m�e�

miscellaneous
.......... c.

Ores, miscellaneous
M etals ...........

79
. . . . * . .
28
185
185
. . . . . ..

25
355
48
307

. a ......
.me......

Aluminum.........
Copper.............
Iron ............
Scrap . . . . . . . . . .
Other and unclassified
Miscellaneous...............
Flour, wheat ............
Paper and paper products.
Resin . . .. . . . . . . . . . . . . . .
All other and unclassified .

Total

. .c.m........ m......
* .cc . . . . ...... .* em.e.e .
m mm.. .. .. ..... * c. .. .. ..
.c ...... .m e mm . . ... . . .
. * .ta m... .... e.e.c. . .m. .
.....c........ m.... m..
. . . C .c. .a. . .. . S Re ma.. .
.* . . . . . * c . . . ... . a .
. . . . O .� . �...

1,671

1,550

50
193
59
494
1,526

EAST COAST CENTRAL AMERICA TO WEST COAST

CENTRAL AMERICA:
Nitrates, phosphates, and pot;
Ammonium compounds
Phosphates ...........
Fertilizers, unclassified .

Petroleum and products

Asphalt .......
Crude oil ......
Diesel oil ......
Liquefied gas...
Fuel oil, residual
,^.- -._ i

..a .. *.c .m m........a.t..*
C C .. ...... ....a. ...

...........c.c. C C . .. * . e .t . . a
...S e.amac.m... . c.....

142
22
234
2,655
8
624
118
509
1,376
1

188

226
3,042
8
561
256
441
1,580
10I

45
86
405
3,022
49
745
111
327
1,734
1'7

STATISTICAL

TABLES

Table 10.--Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued
[Thousands of long tons]

Fiscal year

EAST COAST CENTRAL AMERICA TO WEST COAST
SOUTH AMERICA-Continued

Petroleum and products .....
Other and unclassified...
Miscellaneous ..............
All other and unclassified

Total

....t ......" c. .......
". . .c. c.. . c" ." .. .t
. . . . . . . s" . . . . ..

..................c c....

EAST COAST CENTRAL AMERICA TO BALBOA,
Petroleum and products ...................

Diesel oil ..........
Fuel oil, residual....
Other and unclassified
Miscellaneous ..........
All other and unclassi

Total

*.....t...................

fied . . . . .. .. . . . . . . . . .. . . . .

EAST COAST CENTRAL AMERICA TO ASIA:
Chemicals and petroleum chemicals, miscellaneous
Manufactures of iron and steel, miscellaneous.....

Nitrates, phosphates, and potash
Fertilizers, unclassified ..
Ores and metals, miscellaneous
Other agricultural commodities

Coffee ..
Sugar...
Miscellaneous

...'....c.....
c c . . . . c. . . . . . .
eccct. ..c..c . ccc .

All other and unclassified
Total ...............

Sh

h

. . ..... t t ..tSC c..

*.b.cc...............

.* c . . ......... cc C . .*.cc.. .
..cc...tc.............cc
* * .* . . c . .. . .. cc.ccccc.c..c.
. cc.. . .. ....... * . cc. . .s. .t.
* c a . ccc.t..S. e a * C .. ..C . .
c.*..c.....t.c.ccc...cc.

EAST COAST SOUTH AMERICA TO WEST COAST
UNITED STATES:
Canned and refrigerated foods, miscellaneous .........
Chemicals and petroleum chemicals, miscellaneous ....
Lumber and products, miscellaneous ............
Manufactures of iron and steel, miscellaneous........
Ores and metals ............. ........... . ......

11
16

I
1
28

26
282
. c....

46

1

150
150
505

13
1
42
479
35

10
53

i

64

34

14
14
68
26
1
25
123
123
265

104
30
73
1

104

19
12
18

Ores . . . . .... � � . . . . . . .
Alumina/bauxite ....
Other and unclassified
Metals, miscellaneous ....
Other agricultural commodities

.* cc .. .. ..... Cc . .c . c .
.ccc... .. ........ cc . ...~ ... .
. .. cc. c .. ... .... cc. ..
cc..........Cc...... cc
cc .. . . . .... .... c c . .c cc .

34

55

-----

R.P.:

PANAMA CANAL COMMISSION

Table 10.-Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued
[Thousands of long tons]

Fiscal year

EAST COAST SOUTH AMERICA TO WEST COAST

CANADA:
Manufactures of iron and steel, miscellaneous.
Miscellaneous ..... ..... .... ..... . .

Sa......

All other and unclassified .

Total

EAST COAST SOUTH AMERICA TO WEST COAST
CENTRAL AMERICA:
C oal ....................... ....................
GralHs ..........................................
Grains . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Sorghum . . . . . . . . . . . . . . . . . . . . . . . . . . . ......
Soybeand unclassified....... . . . . . . . . . . . . . . . . . . . . . . . . .
Other and unclassifiedel. miscellaneous. ..........
Manufactures of iron and steel, miscellaneous.........

Nitrates, phosphates, and po
Fertilizers, unclassified
Petroleum and products ...
Crude oil ............
Other and unclassified.
Other agricultural commodity
Sugar ...............
Miscellaneous ........
All other and unclassifie

Total

es . . . . . . . . . . . . . . . . . . . . .

: . ............... ......

EAST COAST SOUTH AMERICA TO WEST COAST
SOUTH AMERICA:
Chemicals and petroleum chemicals, miscellaneous .
G rains ............. ... .. .... ..........

O ats . . ........................
Manufactures of iron and steel, miscellaneous
Minerals, miscellaneous ................

Salt. . . . . . . . . . . . . ..... . .
Soda and sodium compounds

Nitrates, phosphates, and potasi
Fertilizers, unclassified ...
Ores and metals .............
Ore, alumina/bauxite ....
Metals, miscellaneous ....
Other agricultural commodities
f *+ ltaar nn 4 *snn n ,, C~ aA�� -^

*St.......
cc.. . . . ..
....... ...

* tat. cOct~~C& Ca
*~*SSS~' * a a.....
ccc...... cc... ccc..

* .......... c.......cc
..4. tt.. c. a a.a ...... ..*
.............. c~~c. *.a

111

3

3
75
8
8
757
716
41

21
21
864

26
1
1
39
16
12
4
137
137
49
8
41
40
All

. . . t. .1
I

31
61
61
781

16
2
2
31
14
13
1
176
176
29
10
19
II

659
28

12
12
860

8
1
1
170
7
6
1
91
91
13
6
7
* ....* c

STATISTICAL

TABLES

Table 10.--Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued

[Thousands of long tons]

Fiscal year

EAST COAST SOUTH AMERICA TO BALBOA, R.P.:

Petroleum and products .....
Diesel oil . . ... .. . . . . . .
Gasoline...............
Fuel oil, residual........
Miscellaneous ..............
All other and unclassified

* 5555 *emtm*e*4C *5 Cm'C#
* S * SOC C St6**##*m S*C*5

. * . .....ii e.. .....

Total

EAST COAST SOUTH AMERICA TO HAWAII:
Petroleum and products ...................
Jet fuel .................. ............ .
Total ........... .................

........
........
........

EAST COAST SOUTH AMERICA TO OCEANIA
Petroleum and products, miscellaneous .......
Miscellaneous .................... ..

All other and unclassified
Total ...............

* C CC

. . . e. . . . C. . . . . e .
*.C......*CS. C.. ...

EAST COAST SOUTH AMERICA TO ASIA:
Canned and refrigerated foods, miscellaneous.....
Chemicals and petroleum chemicals, miscellaneous
Coal and coke................................
Grains, miscellaneous ........ ....... . .......
Lumber and products, miscellaneous ............
Manufactures of iron and steel, miscellaneous.....

Nitrates, phosphates, and pi
Fertilizers, unclassified
Ores and metals .........
Ores . . . . . . . . . . . . . . .
Alumina/ bauxite
Iron . . . . . . . . . . .
Manganese .....
Other and unclassi
Metals .................
Aluminum..........
Other and unclassified
Other agricultural common

364

*......*.m. e ...........**...

* C emS* *@Ct~ttmm*( C St
. .S . ... . . . .. .Ss. . .5. .C
.S ... .* * em.. ... .. . * . . ..s..
S m. . .. . ............ C* * * * .e .a . ..

. . " " . . . " . . ." . " ." . . . . . " ."

. . . " . . . . . . .� . . . . . .� . " " .
ified . . . . . . . . . . . . . . . . .
.....see m....... .C ......S
*E ................. .. *...
. a . . .* .. .e. . .. . . m e . . . .. ..
ities . . . S * S * e . m S S . C . e . . . . C

--

PANAMA CANAL COMMISSION

Table 10.-Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific- Continued
[Thousands of long tons]

Fiscal year

WEST INDIES TO WEST COAST UNITED STATES:
Chemicals and petroleum chemicals, miscellaneous .
Manufactures of iron and steel, miscellaneous.....

Minerals, miscellaneous

.tabs....... . . C
��. a. no��..

Nitrates, phosphates and potash, miscellaneous

Ores and metals .......
Ore, alumina/ bauxit
Petroleum and products

Asphalt .......
Fuel oil, residual
Gasoline.......
Jet fuel ...... .
Lubricating oil .
Other and unclas
Miscellaneous ......

isifit

. .
e

* n: ...

. e.....*...............
. . � � . � � . . . � . � � � � � � � � ..

.......C C SC *C .CC ...a ...... .
*...* .* ..t.* ...C C C C ...C..a C C
* . . * * C . . P . . . .. . . St t t ttttt..
.n. e. . ..... . . . . . . S . S . S S . . . ..
**. *.............*....S....... W
* S . S . . P . . S . . at. . .. . t * an ..
ed.I a a a a . a nt ..... C . C . C C C .C ..
e.p. . a.............. . . .C *P CS S* . P . S

All other and unclassified ..................
Total .......... ............... ..... ..

WEST INDIES TO WEST COAST CENTRAL
AMERICA:
Chemicals and petroleum chemicals, miscellaneous
Other agricultural commodities .................

Sugar ............

Petroleum and products
Crude oil .........
Diesel oil. ........
Fuel oil, residual...
Gasoline..........
Kerosene .........
Lubricating oil ....
Other and unclassifi

Miscellaneous.

Cement

n.........

All other and unclassified

Total

� � C .

.apt....n......... ........t.a
a......a.........m.*.an. .*.
* p * n. . .b at.. . .. . . tatet t . t t ..
nn. n........*. ......C..P . ....a
.CC C. e e . P . s.. q. Ct .. St . . . S C P
. m. ..e. ..........Saa . n..... a
. m. m.. .. a.. ...a... at a a tt p s
...me........... ata..... C 5C~

ed

a..a.a.tat.at. ttnet.a....
. ..sa ... e..e ... C.*C .S.EC. .C .
*.a.a .a ...... .aa.a..an.*..t
t..t.t.te .e......a.a.a.....a

WEST INDIES TO WEST COAST SOUTH AMERICA:
Nitrates, phosphates and potash, miscellaneous .....
Other agricultural commodities, miscellaneous ......

Minerals miscellaneous . .

a a a - C C C C S S S S C

Salt

36
139
29
23

35
7
7
254
25

105
29
46
49
93
93
408

169
35
71
34
22

6
90
8
82
259

53
24
"'''''.e

57
166

43
106
17

354

1
3
3
135

44
8
54
15
5
9
71
15
56
210

41

2

s

41

28
. . . . . .
7

1
5
73
2
71
119

STATISTICAL

TABLES

Table 10.--Important Commodity Shipments Over Principal Trade Routes
Atlantic to Pacific-Continued
[Thousands of long tons]

Fiscal year

WEST INDIES TO WEST COAST SOUTH AMERICA-
Continued
M miscellaneous .. . . . . . .. . .. . . . . . . . . ..... . . . . . . .
All other and unclassified .....................

Total

WEST INDIES TO BALBOA, R.I
Petroleum and products .....
Diesel oil ...... . . . .. . . .
Fuel oil, residual........
Gasoline...............
Other and unclassified...
Miscellaneous ..............
All other and unclassified
Total ....... . . . . . ...

S.:
a .

* S Ct

. . . ..e. ..... . .e.. . . .S . .

.. ... . ee* . C . . . CS . .*. C .

*1 C C C * *

WEST INDIES TO
Petroleum and
Jet fuel...
Residual fi
Total .

HAWAII:
products .

uel oil
* e. g

* ...
. . .�.

WEST INDIES TO OCEANIA:
Minerals, miscellaneous ..
Salt. . . ... . . . . . .
Petroleum and products ..
Gasoline . . . . .......
Lubricating oil ......
Other and unclassified
Miscellaneous
All other and unclassif
Total ............

� � � � ��

ed . . . . . . . . . . . . . . . . . . . . .
. m e. . . .. . ........ SCa e *aa***ae s

87

87

2
1
5
5
28

49

20
20

8
8
77

29
5
23

S. ...83

WEST INDIES TO ASIA:
Canned and refrigerated foods.
Fish, refrigerated .......
Other and unclassified....
Chemicals and petroleum chemi
Ores and metals .............

Scas, miscellaneous .. .

cals, miscellaneous ....
S.....................06 m 0

flrsca

SA

*I|

d~

	Front Cover
	Letter of transmittal
	Table of Contents
	Organization chart
	Introduction
	Canal traffic
	Canal operations
	Supporting operations
	Administration and staff
	Financial report
	Statistical tables
	Back Cover

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