On July 24, the Panama Canal held a public hearing on its tolls structure modifications proposal, marking the culmination of the formal consultation period for industry feedback.
“The public hearing is an invaluable part of the process,” Jorge L. Quijano, Panama Canal Administrator, said.
“We appreciate the input we received today from the maritime community and will ensure all is carefully considered for the new tolls structure.”
After a careful evaluation and an analysis of the comments received and incorporating all considerations into the structure, the Panama Canal Board of Directors will approve the final proposal to be presented to the Cabinet Council of the Republic of Panama, which will officially approve the modifications.
As informed, the proposed date for implementation of the modifications to the tolls structure is January 1, 2020.
First announced in June 2019, the proposed modifications aim “to increase transparency and flexibility, to ensure the waterway remains competitive and optimal for the industry today and moving forward.”
Specifically, the proposed tolls modifications include the dry bulk, passenger, containership, vehicle carrier and RoRo, tanker and gas carrier, small vessel as well as containers on deck segments.