The prolonged dry season is a natural phenomenon that affects many regions, including the Panama Canal.
While there can be no control over nature, businesses can adapt their operations to ensure a competitive flow of vessels.
Adaptative approach
In line with Panama Canal Authority’s commitment to providing a reliable and sustainable service, they have chosen to extend booking Condition 3.
The standard offering of reservations comprises 23 booking slots for the Panamax locks
The standard offering of reservations comprises 23 booking slots for the Panamax locks. Under Condition 2, in scenarios involving a substantial reduction in capacity (such as lane closures for maintenance), the allocation is reduced to 16 booking slots.
Booking slots under Condition 3
Meanwhile, under Condition 3, as currently being implemented, the booking slots are limited to 14 in total (comprising 10 slots for super-sized vessels and 4 slots for regular-sized vessels).
This allows them to manage congestion and ensures ships en route or in queue that hasn’t secured reservations, can still transit in competitive time frames. It should be noted that transits through the Neopanamax locks maintain their regular average of 10 transits per day, so these have not been impacted by the measure.
High demand reflects competitiveness
Despite the challenges and the measures they’ve had to take, the high demand for the Panama Canal’s services showcases the confidence the global shipping community places in them. It underscores their competitiveness and the vital role they play in global trade.
Current transit data
To provide perspective, as of now, they have around 120 vessels waiting for transit. This data is updated daily and can be checked on request.
For this month, the average waiting time for unbooked transits is between 9 and 11 days. They are continuously monitoring these figures and implementing measures to improve the flow. More information regarding waiting times can be checked on request.
Open communication is key
The Panama Canal believes in transparency and permanent communication
The Panama Canal believes in transparency and permanent communication.
They inform in advance of the measures that may influence their customers’ operations, so that they can make business decisions, ensuring the sustainability and continuity of world trade.
The customer decides
The freedom to choose is vital. They understand that their customers have choices, and it’s their duty to ensure that their services remain the best option. If circumstances demand, and customers choose another route temporarily, they respect and understand their decision. Their primary focus remains on the reliability of their services.
Commitment
Their commitment is unwavering. Even in the face of challenges, their dedication remains steadfast: to ensure that the Panama Canal remains a reliable and sustainable option for the global shipping community.