Panama Gives Nod to Tolls Structure Modifications

Image Courtesy: ACP

Panama has approved a proposal to modify the Panama Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP).

After an analysis of the current utilization and productivity of the Neopanamax Locks, and following meetings with Panama Canal executives, customers and industry representatives in Europe, Asia and North America, the proposed tolls modifications were announced on June 1, 2017. This was followed by a formal consultation period to ensure all interested parties could provide feedback for consideration.

On July 5, 2017, the Panama Canal held a public hearing to discuss the tolls structure modifications proposal, where the ACP received written comments from 12 representatives of associations, shipping lines and shippers.

The approved tolls modifications are scheduled to go into effect on October 1, 2017, at the beginning of the Canal’s fiscal year.

The proposal “will better facilitate the Canal’s goal of providing outstanding service and reliability to the global shipping and maritime community, while allowing the ACP to safeguard the competitiveness of the waterway.”

For the containership segment, the approved tolls structure “offers more attractive rates per loaded containers on the return voyage,” applicable only to Neopanamax vessels deployed on the Canal route in the head and back haul legs.

They apply when the utilization rate of the northbound transit is higher or equal to 70 percent, and when the time lapse between the northbound and the southbound transit is not greater than 28 days.

Additionally, the new structure modifies the tolls charged to liquefied natural gas (LNG) and liquid petroleum gas (LPG) vessels.

Finally, container/breakbulk vessels, formerly part of the others market segment, will be reclassified into the general cargo segment, thus resulting in “more attractive tariffs for customers in this category,” according to the ACP.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Dec 2017 >>
MTWTFSS
27 28 29 30 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 31

APM – ASIA PACIFIC MARITIME 2018

27 years in the making, APM is the premier shipbuilding & marine, workboat and offshore exhibition in Asia trusted by generations of industry professionals.

read more >

Mega Cargo Show 2018

The focus of the event is to bring all connected with cargo fraternity on a single platform…

read more >

Vietship 2018

Vietship is the largest and longest established exhibition in Vietnam featuring all aspect of Shipbuilding, Shipping and Offshore Technology.

Since its first event in 2002, Vietship has become the convergence and platform of advanced technologies regional and worldwide in shipbuilding and ship repair, marine equipment, waterway transportation and services, marine and offshore engineering.

After 16 years of eight consecutive editions, Vietship has affirm itself as an important event in enhancing cooperation and development, attracting investments, exchanging technology and creating ideal opportunities for trade promotion in the international maritime industry.

More info

read more >

LNG Bunkering Summit 2018

The conference will cover the obstacles facing both the shipping and port communities, exploring developments in conversion and new builds…

read more >