The parties explained that the joint effort would “not only further optimize national maritime procedures required for international vessels visiting Panama, but also demonstrates how technology can be leveraged to improve efficiency and reduce carbon dioxide emissions in the logistics industry.”
Launched in 2017, VUMPA is an online platform that automates information-sharing between Panamanian agencies involved in processing the reception and departure of ships, streamlining international maritime transportation at Panamanian ports.
Core updates to VUMPA aim to improve the accuracy of cargo declarations for partnering shipping lines, as well as risk assessments conducted by Panamanian authorities.
It is estimated that VUMPA has already reduced the need for more than 300,000 paper forms and documents, improving the efficiency and carbon footprint of transshipment procedures and saving up to 3,260 hours on an annual basis, the Panama Canal Authority explained.
“These upgrades will continue to help reduce costs, optimize itineraries and improve transparency and productivity, while providing substantial time savings to maritime customers taking advantage of Panama’s logistics offerings.”