Panama Canal Offers Shippers More Flexible Booking System

The Panama Canal Authority is offering shippers a more flexible system for booking passage through the waterway so that customers can better align transit with changing market conditions.

Instead of locking in plans for a full year, the program will allow companies to commit in six-month blocks, the authority said in a statement on Monday. The change will enable shippers to adjust their schedules based on shifting cargo volumes, seasonal demand or strategic changes in their fleets.