Friday, 21 June 2019 13:40

Panama Canal proposes new toll structure

565 Panama Tolls

 

The Panama Canal has released a proposal to modify its current tolls structure. The release marks the beginning of a 30-day formal consultation period for industry feedback, which will close on July 15, 2019. For dry bulk vessels, the proposal offers matching the tolls charged to Neopanamax vessels carrying iron ore with the tolls assessed for grains and other dry bulk cargoes, as well as a tariff increase for Neopanamax dry bulkers transiting in ballast. For containerships, the proposal offers more attractive rates for customers who benefit from the Panama Canal Loyalty Program by adding new levels with reduced rates in the capacity charge for shipping lines deploying between 2 million to 3 million TEUs, and additional reductions for lines deploying an incremental over 3 million TEUs.

 

 

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