SERVICES

Panama Canal wants to modify toll structure

Panama City - The Panama Canal published a proposal to modify its current tolls structure for the dry bulk, passenger, containership and vehicle carrier and RoRo segments

Panama City - The Panama Canal published a proposal to modify its current tolls structure for the dry bulk, passenger, containership and vehicle carrier and RoRo segments, as well as tankers, chemical tankers, LPG and LNG vessels, the intra-maritime cluster (local tourism segment) and minimum tolls (small vessels).

The announcement marks the beginning of a 30-day formal consultation period for industry feedback, which will close on July 15, 2019. “With this proposal, we aim to better serve the global maritime industry,” said Panama Canal Administrator Jorge L. Quijano. “Our proposed modifications will increase transparency and flexibility, among other improvements, to ensure the Panama Canal remains competitive and optimal for the industry today and moving forward.”

For the dry bulk segment, 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. The proposal also aims to add transparency to the tolls structure of the passenger segment by charging based on the maximum passenger capacity that can be carried by each specific passenger vessel.

To that end, the Canal is proposing to change the unit of measurement from a “per berth” to a “per passenger” basis, making it easier for cruise lines to transfer transit costs to their customers. F

Pressed for time?

Get the best news of the week in your inbox

Subscribe ››