Panama Canal Authority (ACP)

Panama Canal fees increase postponed for June

The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect today, 15 April.

The decision follows a joint letter sent by the International Chamber of Shipping (ICS), Asian Shipowners’ Association (ASA), and European Community Shipowners’ Association (ECSA), expressing concerns over the speed of price increases that were expected to begin from mid-April.

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https://container-news.com/panama-canal-fees-increase-postponed-for-june/

PCA Postpones Price Increase After Stakeholders’ Request

  •  The Panama Canal Authority (ACP) has announced that it will postpone price increases on canal transit fees which were due to come into effect tomorrow.
  • The announcement follows a joint letter sent by the ICS, ASA, and ECSA, expressing concerns over the speed of price increases that were expected to begin from 15 April 2021.
  • The proposed changes represent a minimum cost increase per transit reservation of US$20,000 (up 57%) and a maximum cost increase of US$58,500 (up 167%).
  • These price...

https://mfame.guru/pca-postpones-price-increase-after-stakeholders-request/

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