Panama Canal Change in Toll System

Last month we posted about the plans of the Panama Canal to increase toll chargers and the complaints expressed by the International Chamber of Shipping . Now the Panama Canal Authority’s Board of Directors, after carefully evaluating the observations and suggestions provided by interested parties, has considered it appropriate to adjust the original proposal to modify the tolls system of the Panama Canal.

The modification are as follows:

  1. Set the implementation dates for the proposed toll increases to 1 October 2012 and 1 October 2013, including the minimum tolls, and
  2. Maintain the classification of the ship type “container/break bulk” under the market segment “others”

The remainder of the proposed modifications to the tolls systems is unchanged. Effective the date of publication of this change in the Canal Register, the Panama Canal Authority will be providing interested parties with an additional consultation period extended through 12 July 2012, at 4:15 pm local time, in order to present, in writing, your data, opinions, information, arguments or presentations regarding the proposal.

Source: Panama Canal Authority

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