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December 04, 2017

Panama Canal increases daily neopanamax container ship reservations

The Panama Canal announced that it increased the number of daily booking slots available for Neopanamax vessels from six to seven effective December 1, 2017.

With this measure, the Panama Canal 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," said Panama Canal Administrator Jorge L. Quijano. "We are excited to offer the additional capacity, and deliver on our promise to provide unparalleled safe and efficient service to our customers."

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. 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. For example, the Expanded Canal transited a record 10 Neopanamax ships on November 17, and provides daily performance that far exceeds the three to four daily transits originally expected.

Source: Panama Canal Authority