• 2017 August 9 12:33

    Panama’s Cabinet Council approves Panama Canal tolls structure modifications

    The Cabinet Council of the Republic of Panama officially approved a proposal to modify the Panama Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors, the company said in its press release.

    The approved proposal will better facilitate the Canal’s goal of providing outstanding service and reliability to the global shipping and maritime community, while allowing the ACP to safeguard the competitiveness of the waterway.

    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.

    Next, on July 5, 2017, the Panama Canal held a public hearing to discuss the tolls structure modifications proposal, where the ACP received written comments from 12 representatives of associations, shipping lines and shippers—three of which presented comments in person at the hearing. All comments received were then carefully evaluated and analyzed.

    The approved tolls modifications are scheduled to go into effect on October 1, 2017, at the beginning of the Canal’s fiscal year.

    For the containership segment, the approved tolls structure offers more attractive rates 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. In order to promote the use of the services provided within Panama’s logistics hub, any additional days that the vessel requires to perform port-related activities in the Panamanian terminals will not add to the 28- day period. The ACP’s tolls proposal had originally set 25 days as the maximum time lapse for the return voyage. After evaluation of the comments received during the consultation period, it was decided to extend this time frame to 28 days.

    Additionally, the new structure modifies the tolls charged to liquefied natural gas (LNG) and liquid petroleum gas (LPG) vessels, which will be set at the levels presented in the original tolls proposal. This decision was made after a careful analysis of the impact of the proposed increases in the supply chain and final user.

    Finally, container/breakbulk vessels—formerly part of the others market segment—will be reclassified into the general cargo segment, thus resulting in more attractive tariffs for customers in this category.




2018 November 13

18:06 Navios Containers seeks to list on a U.S. stock exchange
17:53 BIMCO adopts 2020 bunker clauses
17:34 CMA CGM to revamp its CIMEX 2K2 service
17:11 Nevsky Shipyard takes part in «Transport of Russia» exhibition
16:56 NOVATEK shipped first LNG cargo to CNOOC
16:34 KOTUG and Petroconsult join forces to establish KOTUG PETRO Maritime (KPM)
16:20 Ttraining on oil spill preparedness and response held for countries in eastern Africa
16:04 Diana Shipping announces the sale of a Panamax dry bulk vessel
15:55 Throughput of port Kavkaz in 10M’18 grew by 19% Y-o-Y to 42.6 million tonnes
15:34 Royal IHC wins KNVTS Ship of the Year for SCHELDT RIVER
15:03 Damco launches a dedicated warehouse for Barry Callebaut and inaugurates a new facility in the heart of Poland
14:41 MAN Cryo to design and deliver LNG regasification terminal
14:25 LUKOIL reports preliminary operating data for Q3 and 9M’2018
14:03 COSCO Shipping Heavy Industry and GTT sign agreement for LNG carrier repairs
13:42 Alfa Laval wins two orders to supply Framo pumping systems to oil platforms in the North Sea
13:13 HH Ferries Group officially inaugurates two battery-powered passenger ferries
12:48 BIMCO launches survey to highlight biofouling management
12:24 HHLA container throughput up by 1.0 percent in the first nine months of 2018
12:07 Torqeedo reveals new products for electric mobility on the water
11:51 Bunker prices are still high in the Far East ports of Russia (graph)
11:22 Throughput of port Riga (Latvia) in 10M’18 climbed by 6.5% Y-o-Y to 29.9 million tonnes
10:53 RF Navy's training ship Perekop returns from distant cruise
10:29 Brent Crude futures price down 1.04% to $69.39, Light Sweet Crude – down 1.33% to $59.13
10:10 ABP invests £1 million in Port of Lowestoft as part of energy hub vision
09:44 National maritime transport policy training held for Mexican officials
09:16 Baltic Dry Index is down to 1,125 points
09:07 Valencia Containerised Freight Index rises 2.57% and stands at 1,105.61 points
08:07 ERMA FIRST obtains USCG type approval for ballast water treatment system using FILTREX filters
07:18 Long Beach cargo volumes up 5.4 percent in October 2018

2018 November 12

18:01 Major ASW ship Severomorsk of RF Navy's Northern Fleet participates in Russian-Japanese exericse in the Gulf of Aden
17:42 Maritime Administration of Ukraine announced selection of 13 seaport captains
17:04 Maersk Line announces FAK rates from Northern Europe to Middle East and ISC
16:56 Danish shipyard orders large equipment package from Rolls-Royce
16:54 Wan Hai Lines orders 20 new vessels
16:50 Throughput of Rostov-on-Don port in 10M’18 up 18% Y-o-Y to 21.1 million tonnes
16:34 CMA CGM announces GRR from Asia to South Africa
16:22 RF Ministry of Industry and Trade announces tender for R&D and designing of marine systems and technologies
16:04 Bigger share of modal split envisaged for inland shipping in the Baltic Sea Region
15:51 RF Ministry of Industry and Trade announces tender for documentation on construction of Leader icebreaker
15:34 IMRF and The Nautical Institute sign MOU
15:20 Port of Liepaja (Latvia) handled 6.24 million tonnes of cargo in 10M'18, up 19% Y-o-Y
15:04 Yang Ming reports its financial results for 2018 Q3
14:46 Sea Port of Saint-Petersburg completes New Leaders project
14:31 ClassNK and TÜV Rheinland sign partnership agreement for cybersecurity services
14:03 Maersk Line announces rates from North Europe to Far East Asia
13:47 ICTSI plans to invest over P5 billion in Iloilo ports
13:28 Baltiysky Zavod shipyard loaded reactors onto nuclear-powered icebreaker Ural, second serial ship of Project 22220
12:40 Average wholesale prices for М-100 HFO down to RUB 20,508 in RF spot market
11:57 Reduced Klaipeda seaport charges for container ships to boost shipping development
11:34 IMO supports equal opportunities for women in fisheries
11:12 Trinidad and Tobago benefits from IMO port security training
10:49 RF Navy's Northern Fleet holds exercise to assist a submarine in distress
10:13 Brent Crude futures price up 1.55% to $71.27, Light Sweet Crude – up 0.96% to $60.77
09:56 Port of HaminaKotka throughput in 10M’2018 up 12.8% Y-o-Y to 13.57 million tonnes
09:34 Throughput of port Helsinki (Finland) in 10M'18 up 4.8% Y-o-Y to 12.38 million tonnes
09:15 Baltic Dry Index is down to 1,147 points
09:08 Global Maritime Administrators attend the 8th Maritime Public Leaders’ Programme in Singapore
08:51 TORM establishes joint venture with Guangzhou Shipyard International and ME Production to manufacture scrubbers to reduce sulfur emissions

2018 November 11

11:19 Maersk Line increases FAK rates from Far East Asia to Mediterranean
10:16 Day Tourist Tax for cruise passengers to apply to sea cruise and river cruise passengers in Amsterdam