The Panama Canal Authority (PCA) has announced plans to launch dedicated transit slots for vessels with low carbon emissions.
Beginning on October 5, a weekly transit slot will be reserved for neo-panamax ships that meet specific low-carbon emission requirements. Unlike previous announcements, this slot will not be offered through an auction but through a competition held 30 days before the transit date.
“By motivating investment in vessels capable of using low-carbon fuels and energy-efficient technologies, we are recognizing and rewarding our clients who are leading the transition toward a more sustainable future, while we await the development of regional infrastructure and logistics that will allow us to make steady progress toward global decarbonization goals,” stated Ilya Espino de Marotta, the Panama Canal’s deputy administrator and sustainability officer.
View Full Article Here