by MarEx 10/31/2016
On Monday, the Panama Canal Authority (ACP) unveiled a new recognition program for clean operators that will help them to get ahead of the pack for transit bookings.
"We’re rewarding those who make conscious efforts to reduce greenhouse gas emissions and invest in technology that will make shipping even more efficient,” says Panama Canal Administrator Jorge L. Quijano.
The ACP calls the new system "Environmental Premium Ranking." The Canal has an existing ranking system for customers which it uses when figuring out bookings for transits, based in part on how often a vessel operator uses the canal.