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Panama Canal gets go-ahead for new price structure

The Panama Canal authority's new proposed toll structure and loyalty program has been approved. The new structure will be effective from January 1st 2016.

Panama's government has issued final approval for a proposal from the Panama Canal authority, Autoruidad del Canal de Panamá (ACP), which will introduce a new toll structure for the canal, says administrator Jorge L. Quijano (photo) in a statement:

"After working in close cooperation with our partners in the maritime industry, I am pleased we will be able to provide a more bespoke pricing solution for our customers; one that recognizes their various needs and requests, while still appreciating the value and reliability provided by the route," he says in the statement.

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