Panama Canal to Reserve Transit Slots for Low-Emission Vessels
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To incentivize its customers toward decarbonization, the Panama Canal Authority will set aside lock slots beginning October 5 for vessels with low carbon emissions.
In addition, shipping companies that secure a NetZero Slot will be able to choose a transit date within the week offered, and a guaranteed transit time of 24 hours.
“By motivating investment in vessels capable of using low-carbon fuels and energy-efficient technologies, we are recognizing and rewarding out clients who are leading the transition to a more sustainable future,” said Ilya Espino de Marotta, the Panama Canal’s deputy administrator and sustainability officer.
The low-emission reward is phase one of the project at the Panama Canal; details of a second phase, planned for 2026, have not been announced.
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