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Panama Canal Issues Proposal To Modify Tolls Structure

Logistic News - Published on Tue, 18 Jun 2019

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The Panama Canal announced 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 and minimum tolls. The beginning of a 30-day formal consultation period for industry feedback, which will close on July 15, 2019. Panama Canal Administrator Jorge L Quijano, said that “With this proposal, we aim to better serve the global maritime industry. 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.

For the containership segment, the main user of Neopanamax Locks, the proposed toll modifications will help retain and incentivize 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 2 million to 3 million TEUs, and additional reductions for lines deploying an incremental over 3 million TEUs. The incentive implemented in the last toll modification of fiscal year 2018 for total TEU loaded in the return voyage will remain in effect.

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Posted By : Mohan Sharma on Tue, 18 Jun 2019
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