Modifications to initial auction amount in Neopanamax Locks

04 Jan 2024 / Panama Canal, Panama

The base or initial amount of the auctions in the Neopanamax Locks has been adjusted to $100,000 for all auctions (daily, special, and extraordinary), and $110,000 for auctions held for a slot on a day of high demand (currently Friday). The initial amount of the auctions for the Panamax Locks remains unchanged.

This change was implemented in the Maritime Services Tariffs that became effective January 1, 2024.

(For information about operations in the Panama Canal, contact GAC Panama at [email protected])

Source: Panama Canal Authority Advisory To Shipping No. A-01-2024 dated 3 January 2023

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.