Panama Approves Higher Canal Tolls

Starting on January 1st 2011, vessels transiting through the Canal will pay $74 for each container, up from $72.

Wednesday, June 16, 2010

The presidential cabinet included an exception for refrigerated cargo containers. The increase for them will come into force on April 2011, after a request from Peru, Ecuador and Chile, who alleged the negative effects the economic crisis has had on the maritime cargo industry.

Rómulo Roux, Canal Minister, explained that the new rates were established “aiming to keep the sea route competitive”, reported Prensa.com.

¿Busca soluciones de inteligencia comercial para su empresa?



More on this topic

Panama Canal: Record Cargo Movement

July 2011

Total traffic is projected to reach 320 million tons by the end of 2011.

German Zubieta, the canal’s administrator, on the eve of his trip to Spain, added that the highest recorded traffic so far was in 2007 with a total of 312 million tons.

An article in Prensalibre.com notes, "the increase has been attributed to the 'rally in the economy," after the 2008 crisis, which "is reflected in the canal'.

PCA Presents New Canal Rates

April 2010

The Panama Canal Authority presented its proposal for new rates, which would come into effect on January 2011.

It modifies the price structure for the Canal’s eight segments: container ships, dry-bulk, liquid bulk, vehicle ships, refrigerated vessels, passengers, general cargo and others.

Plan to increase Canal toll maintained

February 2009

The increase from $63 to $72 in the toll for Twenty-foot Equivalent (TEU) containers is scheduled for May 2009.

Prensa.com reports: "In 2007, it was agreed that the toll increase would happen in three stages and the plan still stands, said the administrator of the Panama Canal Authority (ACP), Alberto Aleman Zubieta.

Price war at sea

February 2009

Shipping companies are seeing a decrease in the volume of maritime cargo and their earnings, and have begun to pressure the Panama Canal concerning the toll.

The Panama Canal Authority has set a price increase schedule for the Canal toll for 2009 and 2010, and the large shipping companies, which are experiencing a decrease in earnings due to the drop in maritime trade, are looking for ports where they can operate a lower cost.

ok