News / Panama Canal answers Nicaragua project with reduced tolls and a loyalty scheme

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Competition for container shipping in the Americas is gearing up as the Nicaragua canal project formally got under way last month.

However, almost in response, the Panama Canal Authority (ACP) announced approval for the construction of a new container terminal and a reduced toll structure for liner operators next year.

ACP announced the toll levels with request for comments – with a 9 February deadline. The tolls are due to be introduced in April 2016, coinciding with the formal launch of the ...