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The Panama Canal Authority (ACP) starts a [ds_preview]new environmental initiative which might reshuffle the Canal´s own ranking and waiting system for vessels aiming to transit the waterway.

The initiative is planned to reward customers »who meet high environmental efficiency standards«, the ACP said. It creates the opportunity to improve the position within the Panama Canal’s Customer Ranking System, which is taken into consideration when booking for transit through the Panama Canal.

»This latest initiative is part of the Canal’s Green Connection Environmental Recognition Program. This recognizes customers who demonstrate excellent environmental stewardship and encourages others to implement technologies and standards to help reduce greenhouse gas emissions. The program encompasses both the Environmental Premium Ranking and Green Connection Award, which was launched in July 2016 to honor Canal customers who comply with the highest environmental performance standards set by the International Maritime Organization«, the ACP added.

New calculation for Panama

Ship owners and operators can be awarded percentage points in the »number of transits« criteria. In order to receive this benefit, their vessels must meet at least one of the following requirements:

The new requirements for a better waiting position (Source: ACP)
The new requirements for a better waiting position (Source: ACP)

According to the ACP, all vessels that qualify as »Level 1« will receive an additional 10 percentage points for each transit towards their overall customer ranking, and those that qualify as »Level 2« will receive an additional 20 percentage points per transit to improve their rank.

The incentive will become effective for transits beginning January 1, 2017. The Canal´s Administrator Jorge L. Quijano is confident that his project can lead in the longterm to lower emissions from shipping: »With the addition of the Environmental Premium Ranking to our Recognition Program, we’re rewarding those who make conscious efforts to reduce greenhouse gas emissions and invest in technology that will make shipping even more efficient,« said Panama Canal Administrator Jorge L. Quijano. »We look forward to working with our customers and industry partners to further bring value to their businesses and to our route, all while reinforcing commitments to sustainability and environmental protection.«