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BYLINE: Peter T. Leach
The Panama Canal Authority said Wednesday net tonnage that passed through the waterway in the first quarter of its fiscal year increased by 11.7 percent, the number of ships transiting the canal increased by eight percent, and the time it took ships to get through the canal increased by 45.7 percent.
The authority said Canal Waters Time -- the average time it takes a vessel to transit including waiting time -- increased by 10.8 percent for ships holding reservations from 15.51 hours to 17.20 hours in the quarter ended Dec. 31.
The authority attributed the longer waiting time to increased demand, the mix in size of vessels that …