The Panama Canal will raise toll structure

The toll structure for transiting the Panama Canal will be adjusted in relation to the expansion of the Canal, after which the Canal will be able to handle bigger vessels such as the new large LNG tankers.

Photo: ACP

The Panama Canal is currently facing a series of challenges: competition from the new Nicaragua Canal, compensation payments between the Canal authority and the building consortium responsible for the expansion, and various delays of the work to widen the Canal. In the midst of all these challenges, the Panama Canal Authority (PCA) has presented a new toll structure for commercial ships' future use of the Canal.

"The proposed changes to the Panama Canal tolls structure incorporate two new market segments to the ten existing ones. In this sense, new markets and routes will open for trade of liquefied natural gas (LNG), whose vessels cannot currently transit the Panamax locks due to their dimensions," says PCA, adding:

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