Following the announcement of the new Long Term Slot Allocation (LoTSA) methodology, several customers from the full container market segment have requested additional time to properly evaluate this new initiative.
Therefore, in consideration of our customer’s concerns, and to encourage greater participation and ensure the success of the LoTSA methodology, the Panama Canal Authority (ACP) announces the postponement of the implementation date until October 1, 2024, for all market segments, except for LNG/LPG.
The sealed bidding process for the first calendar year period for booking dates from January 5, 2025, to January 3, 2026, will be held as shown in the following table:
To provide detailed information on the LoTSA system and its implementation, we will host a webinar on Monday, September 2. We encourage all affected parties to attend this webinar for comprehensive information about the LoTSA system, its implementation, and the recent changes to the timeline.