|Panama Canal Authority Board revises tolls|
|Tuesday, 03 July 2012 19:57|
The Board of Directors of the Panama Canal Authority (ACP) announced last week that it has published a revised tolls proposal that defers the implementation date of new Canal tolls to October 2012 and October 2013.
The ACP announced in April its intention to adjust tolls to bring them closer to the value of the route for certain market segments, to redefine some segments and to adjust minimum tolls. After a 30-day public consultation period, the ACP conducted a hearing on May 23.
The April proposal has been slightly modified.
At the request of the industry, implementation of the new charges has been postponed from July 2012 to October 2012, giving the industry additional lead time before implementation of the new tolls as well as providing an additional three months before the second step of increase in 2013.
In addition, the revised proposal eliminates the proposed container/breakbulk segment. Container/breakbulk vessels will continue to be classified as part of the segment known as others.
“The Panama Canal is the only organization in the shipping industry that consults with customers and interested parties prior to implementing any modification to its pricing structure. This open and transparent process has given the ACP an opportunity to listen to the needs of its customers and to adjust its proposal accordingly,” said ACP Administrator/CEO Alberto Alemán Zubieta.
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