Panama Canal unveils proposal to modify tolls structure

The Panama Canal has published a proposal to modify its current tolls structure for the dry bulk, passenger, container ship and vehicle carrier and roll-on roll-off (ro-ro) segments, as well as for tankers, chemical tankers, LPG and LNG vessels, the local tourism segment and small vessels.

For the container ship segment—the main user of Neopanamax Locks—the proposed toll modifications are meant to help retain and incentivise increased cargo volumes through the Panama Canal.

Specifically, the proposal offers more attractive rates for customers who benefit from the Panama Canal Loyalty Program by adding new levels with reduced rates in the capacity charge for shipping lines deploying between 2m to 3m teu, and additional reductions for lines deploying an incremental over 3m teu.