The Panama Canal has launched a new NetZero Slot, a category within its transit reservation system designed to encourage the decarbonisation of shipping. In an initial phase, vessels must be registered as dual-fuel to enter. 

The first competition to allocate this slot will take place on October 3, applicable to the transit week of November 2 to 8. Beginning on that date, one weekly slot will be reserved exclusively for vessels that meet low-emission criteria.

Benefits for clients awarded the NetZero Slot include freedom to select their preferred transit date within the assigned week; guaranteed transit within 24 hours; inclusion of the just-in-time service; and flexibility to exchange, or substitute vessels of equivalent specifications.

“The NetZero Slot is an unequivocal signal of our commitment to sustainability and the competitiveness of global trade. Through this initiative, we aim to support our customers in the transition toward a low-emissions future,” said Ilya Espino de Marotta, deputy administrator and chief sustainability officer.