• BIST 1.123
  • Altın 476,683
  • Dolar 7,8288
  • Euro 9,1832
  • İstanbul 19 °C
  • Ankara 18 °C

Panama Canal extends temporary relief measures for customers to end of 2020

Panama Canal extends temporary relief measures for customers to end of 2020
As the Covid-19 pandemic continues to impact the global economy, the Panama Canal will extend its temporary relief measures to the end of the year offering further support for the industry’s recovery.

Implemented on 4 May and originally set to run until 1 September, the relief measures include the suspension of advance payments for transit reservation fees and other changes to the waterway’s reservation system.

Together, the Panama Canal said, these measures would allow customers to maintain higher liquidity, as well as added flexibility for swapping or substituting booking slots among their own fleets.

The Panama Canal has maintained a constant dialogue with the industry leaders on how to best provide relief as the world look to recover from the economic and social impact of Covid-19.

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 Panama Canal Administrator Ricaurte Vásquez Morales. The waterway’s fiscal year will end on 30 September 2020.

“I am encouraged by the growth we are seeing for the container segment, though we are tracking changes in global trade flows vigilantly,” said Deputy Administrator Ilya Espino de Marotta. “The extension of these measures underscores our commitment first and foremost to our customers.”

Transits at the Panama Canal climbed from 845 in June to 933 in July, and August is showing a similar trend. The increase was largely driven by a surge in containership transits along the US East Coast to Asia route.

The extension of the relief measures comes on the heels of the Canal’s commitment to making the investments in order to secure the sustainable, long-term solution to water levels, furthering the waterway’s operational reliability in the years to come.

 

Turkish maritime news

 
This news is a total 2259 time has been read
  • Comments 0
    UYARI: Küfür, hakaret, rencide edici cümleler veya imalar, inançlara saldırı içeren, imla kuralları ile yazılmamış,
    Türkçe karakter kullanılmayan ve büyük harflerle yazılmış yorumlar onaylanmamaktadır.
    Bu habere henüz yorum eklenmemiştir.
Other News
All Rights Reserved © 2006 TURKISH MARITIME | İzinsiz ve kaynak gösterilmeden yayınlanamaz.
Phone : 0090 212 293 75 48 | Fax : 0090 212 293 75 49 |