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Panama Canal Approves Toll Structure Modifications

New structure modifies the tolls charged to Neopanamax dry bulk vessels

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Subsequent to the public hearing held on July 24, 2019 on the proposed toll structure modifications and implementation of some of the suggested comments, the Cabinet Council of the Republic of Panama officially approved modifications to the Canal toll structure on September 3.

According to the lastest USDA Grain Transportation Report, the new structure modifies the tolls charged to Neopanamax dry bulk vessels carrying iron ore, Neopanamax dry bulk vessels transiting in ballast, and the liquid bulk segment (including oil and product tankers, chemical tankers, liquefied petroleum gas and liquefied natural gas vessels).

The modifications also include a 20-foot equivalent-unit tariff applicable to non-container vessels carrying containers on deck and a revised toll structure for small vessels.

For more information, click here.

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