News Details

New Panama Canal tolls structure proposal

 

THE Panama Canal held a public hearing July 24 on its tolls structure modifications proposal, marking the cul-mination of the formal consultation period for industry feed-back…

 

As per a communiqué, after a careful evaluation and analysis of the comments received, and once all pertinent considerations are incorporated into the structure, the Pan-ama Canal Board of Directors will approve the final proposal that will be presented to the Cabinet Council of the Repub-lic of Panama, who will officially approve the modifications. The proposed date for implementation of the modifications to the tolls structure is January 1, 2020.

 

As announced on June 14, 2019, the proposed modifica-tions are designed to increase transparency and flexibility, to ensure the waterway remains competitive and optimal for the industry today and moving forward. 

 

Specifically, the proposed tolls modifications include the following:

 

* DRY BULK SEGMENT: Matches tolls charged to Neopanamax vessels carrying iron ore with the tolls as-sessed for grains and “other dry bulk” cargoes. Includes a tariff adjustment for Neopanamax dry bulkers transiting in ballast.

 

* PASSENGER SEGMENT: The modifications add transparency to the tolls structure of the passenger seg-ment by charging based on the maximum passenger ca-pacity that can be carried by each specific passenger ves-sel. The unit of measurement is changing from a “per berth” to a “per passenger” basis, making it easier for cruise lines to transfer transit costs to their customers.

 

* CONTAINERSHIP SEGMENT: Offers more attractive incentives for customers who benefit from the Panama Ca-nal Loyalty Programme by adding new levels with rates in the capacity charge for shipping lines deploying between 2,000,001 to 3,000,000 TEUs, and additional reductions for lines deploying an incremental over 3,000,000 TEUs.

 

* VEHICLE CARRIER AND RORO SEGMENT: Creates a new tariff category precisely designed for Neopanamax vessels. Additional modifications for this segment include slight changes in tolls tariffs for Panamax-sized vessels, as well as minor adjustments based on vessel size ranges.

 

* TANKERS, CHEMICAL TANKERS, LPG AND LNG VESSELS: Toll structures remain unchanged, but tolls ad-justments are proposed to more closely align with the value of the route.

 

* SMALL VESSELS AND LOCAL TOURISM: Revised to consider the resources used in the transit and the com-plexity of accommodating these vessels within the locks’ chambers.

 

* CONTAINERS ON DECK: Reviews the rates charged to non-container vessels carrying containers on deck, to ap-ply a TEU differentiated charge for TEUs that are empty, loaded dry and loaded refrigerated.

 

Source : Our Correspondent

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