Starting from December 1st, the Panama Canal has increased the number of daily booking slots available for Neopanamax vessels from six to seven, in a bid to embrace 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.
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.
The Panama Canal will explore the possibility to offer eight Neopanamax reservation slots by the end of the first quarter of 2018 and gradually implementing additional measures to increase capacity through 2019.
