Panama government approves Canal toll increase

“The new tolls structure was conceived in accordance with the commercial value that the route offers its users,” said Panama Canal Authority Administrator/CEO Alberto Alemán Zubieta.

Following the postponement of the new tolls until October 2012 and October 2013 respectively, Zubeita believes that “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.”

New segments
The new toll structure, which increases the number of segments from eight to ten, also breaks tankers down into three distinct segments and incorporates ro-ro vessels into the vehicle carrier segment.