News / US shale gas boom a bonus for carriers as Panama Canal reduces some tolls

Photo: Panama Canal Authority

Container lines using the Panama Canal are set to benefit from an unexpected boom in shale gas shipments out of the US, as the canal authority is set to reduce some tolls.

From 1 October, tolls for loaded containers on vessels transiting the canal on the backhaul leg of services strings will be charged at a lower rate.

The changes follow a series of meetings between the Panama Canal authority (ACP), customers and industry representatives from Europe, Asia, and North America,  which underlined the need to further incentivise ...