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New price structure underway for the Panama Canal

The Panama Canal Authority will announce a new toll structure before the end of the year, which will come into force when the expanded canal opens in 2016, according to Bloomberg. It has to be competitive, says administrator Quijano.

Photo: Hamburg Süd

A new Panama Canal toll structure will be announced by the Panama Canal Authority (PCA) within the next month. The new prices will come into force once the expanded canal opens in the first quarter 2016, says administrator Jorge Quijano according to Bloomberg.

The new toll structure will be decisive in terms of ensuring whether liquefied natural gas (LNG) shipped from the Gulf of Mexico to Asia will be competitive compared to other global suppliers, explains one Executive Officer from a company that plans to purchase LNG from the region once the major LNG vessels can transit the canal.

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