ACP takes feedback on proposed changes to Panama Canal toll structure

ACP takes feedback on proposed changes to Panama Canal toll structure

The Panama Canal Authority (ACP) announced it has held a public hearing into proposed modifications to the waterway’s tolls structure.

The hearing came after 32-day consultation period for industry feedback.

ACP said all comments, spoken and written, received during the hearing will be evaluated before the body’s board of directors submits its recommendations to the Cabinet Council of the Republic of Panama for approval.

Modifications to the tolls structure was first announced on June 1. Their purpose is to ensure price fairness and competitive ness for the Canal now that it is a year into its new post-expansion era.

Some analysts say the likely upshot of the modifications as first proposed would be lower rates for container ships but higher ones for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers.

Donal Scully

With 28 years experience writing and editing for newspapers in the UK and Hong Kong, Donal is now based in California from where he covers the Americas for Splash as well as ensuring the site is loaded through the Western Hemisphere timezone.

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