| JULY 8TH, 2022

NEW PANAMA CANAL TARIFF PROPOSAL STARTING 2023

Back on April 1st, 2022, the Panama Canal Authority published a proposal for a “fixed-tariff” system starting 2023. After various changes to the tariff system, today the Panama Canal uses around 400 variables to calculate transits. According to the World LPG Association, the current tariff structure has “144 rates related to the loyalty programme, 11 special rates for return trips and more than 90 rates for ships in ballast. A constant pressure, knowledge, and potential for misleading tariffs has arised for shipping lines and shipping agencies to correctly estimate the cost for transit. 

The calculations for today’s transit costs do not account for predictability, automation on tariffs, or consolidation of costs for easier reference and preparation. The new proposed change in tariffs was approved by the ACP Board of Directors and it has a start date of January 1st, 2022. The proposal includes a gradual increase in tariffs, rather than a drastic increase impacting all the Canal’s customers. 

While those customers get adjusted to the tariffs, you can click here and start estimating your next transit’s costs with Trausty’s Panama Canal Calculator. 

You can download the Panama Canal Authority’s full proposal here: https://pancanal.com 

Tags: Panama canal, tariff, shipping, agencies, ACP Board of Directors,

www.trausty.com/post/new-panama-canal-tariff-proposal-starting-2023

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