Panama Canal Extends Relief Measures

Authorities at the Panama Canal have extended temporary relief measures until the end of 2020 in a bid to support industry recovery.

Breakbulk shipping line traversing the canal can continue to take advantage of suspension of advance payments for transit reservation fees and a streamlined reservation system. The changes were originally Implemented in early May and were to end at the start of September.

“Despite the challenges faced earlier this year, I am confident we will see a steady recovery going into our 2021 fiscal year for both the canal and its customers,” said Ricaurte Vásquez Morales, Panama Canal administrator.

The authority reports that a recovery in demand has supported growth in the second half as the number of transits rose from 845 in June to 933 in July.
 

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