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Thursday, November 27 2014 @ 05:55 PM EST

Panama Canal Authority Announces Toll Increases

Canal Daily OperationThe board of the Panama Canal Authority (ACP) has approved a toll increase of 15% in two years, on seven types of large ships and from 60% to 113% for small vessels passing through the Panama Canal as of 1 July 2012, sources said today of the entity. The proposed change approved last Wednesday, also increases tolls on eight to eleven distinct types of ships passing through the waterway, which "seeks to approximate the amount of toll to the value offered by the interoceanic route to their users," detailed the ACP in a statement. The segments will be defined as: container, general cargo, container / bulk cargo, refrigerated cargo, bulk dry, tankers, gas carriers, car carriers, ro-ro and passenger and others. Those with recorded increases of 15% (7.5% in 2012 and the same percentage in 2013) are general cargo, containers / breakbulk, bulk dry, tankers, chemical tankers and others (those not covered by any of categories). Car carriers and ro-ro (roll-on/roll off, equipped with ramps) will be increase by only 1.6 to 1.7% in the toll from July 1 next, said the statement of the proposal. The rate for each segment is calculated on a table that gives a price for the first 10,000 tons, one for the next 10,000 and a third rate for the rest.

For smaller vessels, which have suffered an increase since 1998, proposed increases in four price levels on the basis of the length (L) of the vessel, ranging between 60% and 113%, so the new tolls would be $500 to $800 dollars for smaller boats (15.24 meters) and $1,500 to $3,200 to the largest (30.48 meters).

Furthermore, the rate per ton of displacement, now $3.02, also will increase 15.5% to $3.25 as of 1 July, and to $3.49 in the the same month next year.

About the increases, the ACP administrator Alberto Aleman, said the proposal brings the tolls closer to the value and quality advantages offered by the route through the Panama Canal, while maintaining the competitiveness of the route. "The ACP reaffirms its interest in maintaining a dialogue with the industry to enable us to structure a system of tolls according to the needs of our users which results in benefits for themselves and for Panama," Aleman said.

Until now, the ships were classified as: container, refrigerated cargo, dry bulk carriers, passenger, car carriers, tankers, general cargo and others. Now they removed the tanker segment, and added the tankers, chemical tankers, gas carriers and container ships / loose cargo. Furthermore, the vehicle carriers will be incorporated with the ro-ro vessels, car carriers being called in / ro ro.

According to the statement, the ACP opened from now until next May 21 a consultation process in which interested parties may apply for participation at the public hearing to be held on May 23 at the ACP, to receive feedback from users about the announcement of the increase, which then must be approved by the Cabinet of the Government of Panama to take effect. (Panama America)

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