Panama Canal Transit Fees Up

Government of Panama approves canal tolls increases effective Ocober 2012.

The Government of Panama has approved the proposal to restructure and apply selective increases in the Panama Canal pricing system, effective from 1 October 2012 to 1 October 2013.

The Panama Canal Authority will increase the tolls for the following segments:
* general cargo
* dry bulk
* tanker
* chemical tanker
* LPG
* vehicle carrier and ro-ro
* others

There will also be changes to tolls applicable to small vessels, based on vessels' length, to incorporate adjustments not previously considered.

The remaining segments will not be adjusted at this time, nor will the price per TEU for containers carried onboard a vessel.