Panama Confirms New Toll For Big Ships
Panama’s Cabinet Council has set a launch date for the new Panama Canal tolls structure for large ships completing East-West backhauls through the new locks.
Panama Canal Authority's (ACP) latest modifications to the toll structures aim to send container lines the message that there are advantages in routing megaships through the locks on return voyages.
A new modified toll structure, revealed on an ACP website, is scheduled to go into effect in the coming months, on October 1, 2017.
For the containership segment, the approved tolls structure offers more attractive rates per loaded container on the return voyage for Neopanamax vessels deployed on the Canal route on headhaul and backhaul legs.
Attractive rates are applicable when the utilization rate of the northbound transit is higher or equal to 70% and the time lapse between the northbound and the southbound transit is not greater than 28 days.
Any additional days that the vessel requires for port-related activities in the Panamanian terminals will not add to the 28- day period, which promotes the use of the services provided within Panama's logistics hub, said ACP.
Container or breakbulk vessels, formerly part of the "others" segment, will be reclassified into the general cargo segment, resulting in more attractive tariffs.
Tolls for LNG and LPG vessels were also modified.
Approved proposals allow ACP to follow through with its service and reliability goals, and will also “safeguard the competitiveness of the waterway.”
Panama’s Cabinet Council approved the revised tolls following the ACP's June recommendations and industry consultation.
ACP had earlier explained in detail the reasoning behind its intent to modify the tolls, to improve the utilization and productivity of the new set of locks opened post-expansion, and exploit future predicted trends.
After evaluation of the comments received during the consultation period, it was decided to set the maximum time lapse for the return voyage from 25 to 28 days.