Photo: ACP The Panama Canal has announced it is postponing the implementation of the modifications in the Transit Reservation System fees from 15 April to 1 June 2021.
The Canal Authority said it had taken in account the feedback received from customers and shipping associations to modify the date. This measure will allow the maritime industry more time to prepare for the adjustment to these new booking fees, it said.
The Panama Canal values its customers input, as it looks for ways to bring value and improve our service on a constant basis, said Administrator Ricaurte Vásquez. “We always take into account how the changes we make may affect our customers and will work alongside them to ensure that their feedback is heard, and our goals are aligned.
Panama Canal Postpones Planned Transit Booking Fee Hike – gCaptain
gcaptain.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gcaptain.com Daily Mail and Mail on Sunday newspapers.
Panama Canal Authority postpones planned price hike following calls from shipping industry
hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Panama Canal Delays Fee Increases
Maritime Activity Reports, Inc.
© Matthias Koch / Adobe Stock
The Panama Canal Authority (ACP) announced Tuesday that it will postpone increasing canal transit fees following calls from the shipping industry to reconsider the rate hikes amid a spate of global supply chain disruptions.
The higher rates for the canal s transit reservation system were scheduled to take effect on Thursday but will now start on June 1, allowing the maritime industry more time to prepare for the adjusted booking fees, ACP said. The proposed changes represent a minimum cost increase per transit reservation of $20,000 (up 57%) and a maximum cost increase of $58,500 (up 167%).