New Delhi, December 21, 2021: On December 15, 2021, following the recommendation from the ACP Board of Directors, the Cabinet Council of the Republic of Panama officially approved modifications to the Canal Tolls structure.
As explained, the modification eliminates the tolls unit by maximum berth capacity, establishing the tolls unit by Panama Canal Universal Measurement System (PC/UMS) tonnage capacity for all passenger vessels.
The current tariffs by PC/UMS implemented since April 1, 2016, will remain unchanged.
According to the waterway, the modifications lead to a simplified structure, using a single tolls unit, adding transparency for the benefit of the canal and its customers.
“Passenger vessels are gradually returning to the waterway, and this modification aims to return to a standardized and simplified toll structure based on PC/UMS capacity,” Ricaurte Vásquez Morales, Panama Canal Administrator, said.
The approved modifications will be implemented on 1 February 2022.
Recently, the canal authority also unveiled a new greenhouse gas (GHG) emissions classification system aimed at strengthening the waterway’s position as a green corridor for global trade.