New Panama Canal tolls structure approved
Port of Tilbury, UK, 10 August 2017: Nisomar is advising that the Cabinet Council of the Republic of Panama has now granted approval for a new Panama Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors.
The new structure will come into effect on 1 October 2017 at the beginning of the Canal’s fiscal year; its intent is to improve service quality and reliability, while safeguarding the competitiveness of the waterway. These changes follow a full analysis of the Neopanamax Locks, examining current utilisation and productivity, and a comprehensive programme of consultation with interested parties.
After a thorough analysis of the current utilization and productivity of the Neopanamax Locks, and after meetings with Panama Canal executives, customers and industry representatives in Europe, Asia and North America, the proposed tolls modifications were officially announced on June 1, 2017. This was followed by a formal consultation period to ensure all interested parties could provide feedback for consideration.
The new tolls structure offers more attractive rates for per loaded containers on the return voyage, applicable only to Neopanamax vessels deployed on the Canal route in the head and back haul legs, and when: (1) the utilization rate of the northbound transit is higher or equal to 70 percent, and (2) the time lapse between the northbound and the southbound transit is not greater than 28 days, excluding any days a vessel requires to perform port-related actitivities in the Panamanian terminals.
Liquefied natural gas (LNG) and liquid petroleum gas (LPG) vessels are also facing changes to toll structure, and container/breakbulk vessels that are currently classified within ‘others’ will be reclassified into the ‘general cargo’ segment, providing more attractive tariffs for customers in this category.
Summary of Toll Tariffs effective 1 October 2017
For full details including relevant terms and conditions please visit: http://www.pancanal.com/peajes/pdf/2018/2018-ApprovedTolls.pdf
Reformulation for full container vessels
| Container Vessel Tolls effective October 1 2017 | ||||
| Locks | TEU Range | Tariff for TTA maximum capacity | Tariff for loaded containers on board (TEU) | Tariff for loaded containers on board in return voyage (TEU) |
| Panamax | < 1,000 | $60 | $30 | N/A |
| >= 1,000 < 2,000 | $60 | $30 | ||
| >= 2,000 < 3,500 | $60 | $30 | ||
| >= 3,500 | $60 | $30 | ||
| Neopanamax | < 6,000 | $60 | $40 | N/A |
| >= 6,000 <7,000 | $50 | $40 | $30 | |
| >= 7,000 <8,000 | $50 | $40 | $30 | |
| >= 8,000 <9,000 | $50 | $40 | $25 | |
| >= 9,000 <10,000 | $50 | $35 | $25 | |
| >= 10,000 <11,000 | $50 | $35 | $20 | |
| >=11,000 < 12,000 | $50 | $35 | $20 | |
| >= 12,000 | $50 | $35 | $20 | |
Reassignment of the ‘container/breakbulk’ vessel to the ‘General Cargo’ segment
| Tolls per PC/UMS Ton effective October 1 2017 | ||||
| Market Segment | Proposed Tariff | |||
| Reassignment from ‘Other’ to ‘General Cargo’ | 1st | 2nd | Rest | |
| 10K | 10K | |||
| Container/Breakbulk Vessels | Laden | $60 | $40 | N/A |
| Ballast | $50 | $40 | $30 | |
| TEU tolls for non-container vessels that carry containers on deck | $90 | |||
Reformulation of the tolls applicable to LPG gas carrier vessels
| Tolls – LPG Vessels effective October 1 2017 | |||
| Locks | Bands in m3 | Laden | Ballast |
| Panamax | First 5,000 | $6.49 | $5.19 |
| Next 20,000 | $2.70 | $2.16 | |
| Next 30,000 | $2.60 | $2.08 | |
| Rest | $2.25 | $1.80 | |
| Neopanamax | First 5,000 | $8.25 | $6.60 |
| Next 20,000 | $3.06 | $2.33 | |
| Next 30,000 | $2.88 | $2.30 | |
| Rest | $2.21 | $1.77 | |
Reformulation of the tolls applicable to LNG gas carrier vessels
| Tolls – LPG Vessels effective October 1 2017 | |||
| Locks | Laden | Ballast | Ballast (Roundtrip) |
| First 60,000 | $2.88 | $2.56 | $2.30 |
| Next 30,000 | $2.47 | $2.16 | $2.01 |
| Next 30,000 | $2.38 | $2.07 | $1.84 |
| Rest | $2.25 | $1.97 | $1.73 |
ENDS
FOR MORE INFORMATION:
Andrew Baud/Becky Charman, Tala, +44 (0) 20 3397 3383, media@nisomar.com
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