THE PANAMA CANAL AUTHORITY SAYS AUCTIONS FOR TRANSIT SLOTS HAVE SEEN AN INCREASE IN MARKET COSTS DUE TO SHIFTS IN GLOBAL TRADE SUPPLY AND DEMAND, WITH SOME VESSELS THAT TRANSITED THE CANAL HAVING PAID AMOUNTS EXCEEDING $1 MLN AT AUCTION TO MEET SPECIFIC MARKET NEEDS
THE PANAMA CANAL SAYS THAT DUE TO THE REDUCTION IN AVAILABLE TRANSIT SLOTS DURING BOOKING PERIOD 2, THE CONDITIONED SLOT IN THE NEOPANAMAX CATEGORY WILL NOT BE AVAILABLE.
THE PANAMA CANAL HAS UNVEILED NEW MEASURES TO MANAGE WATER SUPPLY AMID AN EL NIÑO THREAT, ADJUSTING THE NUMBER OF DAILY SLOTS AVAILABLE AT THE NEOPANAMAX LOCKS TO NINE AND AT THE PANAMAX LOCKS TO TWENTY-FIVE.