Global shipping industry responds to proposed modifications to Panama Canal Tolls

The global shipping industry has responded to the Panama Canal Authority (ACP)’s consultation on a proposal to adjust the Panama Canal tolls for vessels.

While charges to containerships and cargo ships will remain unchanged, ACP has proposed toll increases for other sectors such as dry bulk (iron ore), tankers, chemical tankers, roll-on roll-off cargo and cruise ships among others.

The International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Association (ECSA), who together represent over 90% of the world’s merchant tonnage, all contributed to the response.