Friday, 13 September 2019 14:41

Panama approves lower tolls for container ships

577 Panama Container Ships

 

Panama’s Cabinet Council has approved modifications to the Panama Canal’s toll structure, which will now include lower rates for container ships through the expansion of a “loyalty program”. The move comes in response to heightened competition with the Suez Canal. Changes will come into effect in phases, depending on the type of vessel, on Jan. 1, 2020, and then on April 1 and May 1.

 

 

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