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Panama government approves new toll structure for canal

Panama government approves new toll structure for canal

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The government of Panama has given the green light to a modified toll structure for the Panama Canal, the first revision of tolls since the canal expansion project was inaugurated in June 2016.

Its main effect will be to offer more attractive rates to neopanamax container ships per loaded containers on the return leg of a round trip. Frequent users will also be given preferential rates.

Since the expansion, which hinged on the construction of new third locks, the canal has been handling bigger ships.

Tolls for LNG and LPG carriers will be modified and breakbulk vessels will be reclassified as general cargo, making their rates more attractive.

The Panama Canal Authority (ACP) recommended the modifications after extensive consultation with industry stakeholders and Canal customers.

These changes will come into effect on October 1.

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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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