Panama Canal Ups Neopanamax Reservations to Seven

The Panama Canal will increase the number of daily booking slots available for Neopanamax vessels from six to seven effective December 1, 2017.

With this measure, the Panama Canal said that it is embracing the additional capacity allowed for by the new, larger locks. The seven daily booking slots for Neopanamax vessels are offered in addition to the 23 slots available each day for transit through the Panamax locks.

“This increase is the direct result of our efficient, streamlined use of resources and effective collaboration as we meet the growing demand for transits through the Expanded Canal,” Jorge L. Quijano, Panama Canal Administrator, said.

The additional slot is now available for ships transiting northbound, from the Pacific Ocean to the Atlantic Ocean, and was first offered beginning September 26 through a special competition in the first booking period in adherence to Panama Canal regulations.

Container vessels will have preference over other vessel types when allocating these additional slots, the Panama Canal said. If no container vessels are interested, the slot will be awarded to any vessel that participated in the special competition, based on the Panama Canal Customer Ranking. After the special competition, the slots will be available to all vessels on a first-come, first-served basis.

The Neopanamax Locks can transit additional ships beyond the number of daily slots allotted. The Expanded Canal transited a record 10 Neopanamax ships on November 17. The canal’s daily performance far exceeds the three to four daily transits originally expected.

The Panama Canal informed that it will continue to explore ways to expand its capacity, working toward the goal of offering eight Neopanamax reservation slots by the end of the first quarter of 2018 and gradually implementing additional measures to increase capacity through 2019.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >