23 Dec 2023 / Panama Canal, Panama

Modifications to minimum bids during auctions

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.

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