Panama Canal Tolls Increase Approved; Implementation in Oct. 2012 & 2013
The Panamanian government approved the Panama Canal Authority’s (ACP) proposed toll increase. Effective Oct. 1, 2012, and Oct. 1, 2013, respectively, the ACP will increase the tolls for general cargo, dry bulk, tanker, chemical tanker, Liquefied Petroleum Gas (LPG), vehicle carrier and ro-ro, and the segment known as others. The remaining segments -- container, reefer and passenger -- will not be adjusted at this time, nor will the price per twenty-foot equivalent unit (TEU) for containers carried onboard a vessel, ACP said. Additionally, there will be changes to tolls applicable to small vessels based on vessel length, to incorporate adjustments not previously considered.
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The new structure increases the number of segments from eight to 10, ACP said. It also breaks down the tanker segment into three distinct segments and incorporates the roll-on/roll-off vessels into the vehicle carrier segment.
(See ITT’s Online Archives 12070301 for summary of the ACP’s postponement of the proposed toll increase.)