Panama Canal updates Transit Reservation System rates
The Panama Canal Authority will introduce modifications to the Transit Reservation System rates as part of the Complementary Maritime Services Tariffs.
Adjustments include the new long-term slot allocation (LoTSA) method, a new plan designed to provide “certainty, predictability, and reliability,” the entity said in a release.
The Panama Canal Authority explained that the main objectives of these modifications to the Transit Reservation System rates are to improve the level of service, improve the management of supply and demand, and optimize transit operations.
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