Panama Canal Announces New Tariffs For Neo Panamax Locks

By Curious

The Panama Canal Authority (ACP) has announced new tariffs for tug and line handler services for the Neo Panamax locks.

Recently, ACP conducted another successful trial transit of the Expanded Canal, maneuvering a vessel through the Pacific-facing Cocoli Locks. Inauguration of the expanded Canal will take place on Sunday, 26 June with the transit of the COSCO Shipping Panama.

Panama Canal Announces New Tariffs For Neo Panamax Locks

Once inaugurated the Expanded Canal will double the waterway’s cargo capacity, enhancing the Canal’s efficiency, reliability and customer service.

The new waterway will provide greater economies of scale to global commerce as Neo Panamax ships will be able to transit. In line with its focus on customer service since the handover to Panama nearly 20 years ago, the Panama Canal continues to provide the world, global commerce and individual segments with new products and services.

Based on recommendation by ACP and in accordance with paragraph 3 of Article 18 of the Panama Canal Organic Law, the Cabinet Council of the Republic of Panama has approved new tariff for tugboat and line-handler services.

Further details may be found in the ACP' Advisory here