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New Panama Canal tolls structure takes effect Feb. 1

PHOTO: ANNE KALOSH CRUISE_Panama_Canal.jpg
The new rates aims to return to a standardized and simplified toll structure based on PC/UMS capacity
A new Panama Canal tolls structure for passenger ships has been approved and takes effect Feb. 1.

This eliminates the billing unit on a per berth basis and establishes the tolls for all passenger vessels based on Panama Canal Universal Measurement System (PC/UMS) capacity.

'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,' Panama Canal Administrator Ricaurte Vásquez Morales said.

PC/UMS rates

For the panamax locks, the first 10,000 PC/UMS tons for a laden passenger vessel will be billed at $4.75 per ton, the next 10,000 at $4.65 and the rest at $4.58. For the neo-panamax locks, the first 10,000 PC/UMS tons for a laden passenger vessel would be billed at $5.08 per ton, the next 10,000 at $4.98 and the rest at $4.90.

For examples, see this earlier story

Panama's Cabinet Council approved the changes following a recommendation from the Panama Canal Board of Directors.

The proposed tolls modifications were officially announced in September, initiating a formal 30-day consultation period that concluded in a public hearing held Oct. 5 to allow parties to provide feedback for consideration.

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