Panama Canal Extends Long-Term Booking Program for Panamax Locks

The Panama Canal Authority (ACP) has extended its long-term slot allocation program (LoTSA.3.0) to include the Panamax locks for the first time, offering 51 packages of 288 slots via sealed-bid auctions.

Why it matters. Shippers and logistics companies can now secure transit slots in advance, enhancing supply chain reliability and planning.