The Panama Canal Authority (ACP) announced a new adjustment to meet the growing demand for transits, by increasing the number of daily slots available at Panamax locks.
Currently, 24 ships a day pass through interoceanic waterways, and this will increase to 27.
It was explained that two additional seats would be offered by auction for the transit dates scheduled from March 18and additional space will be available for scheduled transits beginning at March 25.
“These measures allow most ships that want to pass through the canal to have a better chance of getting a reservation,” the entity explains.
The Panama Canal has shown thate will closely monitor the current situation of the lake leveland the announced measures, published in the Notice of Navigation, remain in force until the conditions change, which we will notify in due course.
According to the Panama Canal, they continue to offer unrivaled advantages to global maritime trade due to the strategic geographic location of the logistics hub of the Americas.
“The Panama Canal will continue to maintain its role, not only as a passage between the seas, but also as a bridge to a sustainable future, navigating through change with firm determination,” he adds.
The introduction of new reservation quotas reflects its ongoing commitment to maintenance Panama Canal as a world-class trade route.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
