Modifications to the Minimum Acceptable Bids during Auctions

PANAMA FLASH! – Panama City – December 26^th, 2023

Effective with the auctions to be held for all vessel categories (Neopanamax, supers, and regular vessels), beginning January 1, 2024, the minimum acceptable bid increment will be $1,000.00. In addition, all bid increments shall be in multiples of $1,000.00.

This measure is being implemented to expedite the auction slot award process.

For additional information, please reach out to our operators at operations@nortonlilly.com.pa

Norton Lilly International (Panama) S.A.

Bldg. 3825  – Office 204

Howard – Panama-Pacifico

Panama, Rep. of Panama

Tel: (507) 304-4600 Main email: operations@nortonlilly.com.pa  (24 hours)