Modifications to minimum bids during auctions

23 Dec 2023 / Panama Canal, Panama

Effective with the auctions to be held for all vessel categories (Neopanamax, supers and regular vessels), beginning 1 January 2024, the minimum acceptable bid increment will be $1,000.00 . In addition, all bid increments shall be in multiples of $1,000.00. This measure is being implemented to expedite the auction slot award process.

Source: Panama Canal Authority Advisory to Shipping No. A-57-2023.

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

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