As the Journal of Commerce reports, last week the government of Panama approved the two-stage toll increases proposed by the Panama Canal Authority. The changes will take affect on October 1st.
According to Panama Canal Authority administrator/CEO- Alberta Aleman Zubieta, “The new structure offers price stability to the Panama Canal clients during the next two years, while the approved tolls remain below the value it offers as a safe, reliable and efficient route”.
The tolls for the following segments will be increased: general cargo, dry bulk, tanker, chemical tanker, LPG, vehicle carrier and ro-ro, and others.
Such segments as refeer, passenger and full container will not be adjusted at this time, nor will the price per TEU change for containers carried onboard a vessel. In addition, there will be changes to tolls applicable to small vessels based on vessel length.