The Panama Canal proposed a new simplified toll structure that will offer customers predictability, establishing tariffs well in advance, allowing them to plan their business decisions accordingly.
According to a statement from the canal authority, these changes will reduce the number of tariffs from 430 to less than 60.
This simplified system will minimize complexity and will facilitate transactions, by eliminating toll bands and introducing tariffs based on the locks used and vessel size.
Although the Canal’s legacy is already rooted in reliability and resiliency, this new toll structure will enable us to evolve our service further by unlocking greater collaboration and capacity for customers
…said Panama Canal Administrator Ricaurte Vásquez Morales.
By making these changes, we recognize the value of extending greater predictability today, while renewing our commitment to improving customer experience
…Ricaurte Vásquez Morales concluded.
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