31 Jul 2015 / Panama, Panama Canal
The Panama Canal Authority held on February 27 a public hearing on its proposal for a new toll structure. The new structure will apply to the existing Canal, as well as to the new lane of traffic when the expansion begins operations in 2016. The new locks will allow shipping lines ot transit the Canal with larger vessel, providing greater economies of scale. The expansion will open new global shipping routes and allow the transit of non-traditional commodities through the waterway, such as Liquefied Natural Gas (LNG).... ....Comments made during the hearing, as well as those provided in writing to the ACP, will be analyzed and given due consideration prior to submitting a final proposal for approval by the Canal Board of Director and the Cabinet Council. The adjustments for all market segments, except for the new Intra Maritime Cluster Segment, are scheduled to take effect in April of 2016. The last tolls modification went into effect in 2012-2013 for dry bulk vessels, tankers, chemical carriers, gas carriers, vehicle carrier/roll-on/roll-off, general cargo and other vessel types. Container, reefer and passenger vessel tolls have remained unchanged since 2011. The proposed restructuring calls for each segment to be priced based on different units of measurement, while aligning with customers� needs and requests, and modifying pricing for all Canal segments. For instance, containers will be measured and priced on TEUs; dry bulkers will be based on deadweight tonnage capacity and metric tons of cargo; passenger vessels will be based on berths; LNG vessels will be based on cubic meters; and tankers will be measured and priced based on Panama Canal tons and metric tons. For details: http:www.pancanal.com/peajes/ (For information about operations in Panama contact GAC-Wilford & McKay at [email protected]) Source: Panama Canal Authority Monthly Canal Operations Summary � February 2015
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