Looks like rain: Panama Canal Authority eyes return to normal service
The Panama Canal could be back at nearly full capacity in time for this year’s ...
The ACP announced in April its intention to adjust tolls to bring them closer to the value of the route for certain market segments, to redefine some segments and to adjust minimum tolls. After a 30-day public consultation period, the ACP conducted a hearing on May 23. The April proposal has been slightly modified. At the request of the industry, implementation of the new charges has been postponed from July 2012 to October 2012, giving the industry additional lead time before implementation of the new tolls as well as providing an additional three months before the second step of increase in 2013. In addition, the revised proposal eliminates the proposed container/breakbulk segment.
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