• 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.




2017 October 20

18:31 Finnpilot Pilotage Ltd joins the ITS Finland network
18:10 Kari Wihlman appointed as Director-General of Finnish Transport Agency with effect from 1 January 2018
17:47 Rosmorport appoints Oksana Masyuk as Deputy Director for Economics and Finance of its Arkhangelsk Branch (photo)
17:19 Russian Railways's loading of export freight from ports increases by almost by 6% in 3 quarters of 2017
16:56 Scandlines Helsingborg-Helsingör expands capacity
16:28 USPA announced tender for construction of berth 1-z in Port of Odessa
16:03 Wärtsilä's asset and lifecycle management agreement lets GasLog concentrate on its core business
16:00 Wilson Sons Shipyards delivers SST-Aruá to SAAM SMIT
15:31 In 9M’17, TransContainer transported 1.31 mln TEUs, up 17.7% Y-o-Y
15:03 Otto Energy starts drilling of the ST 224 #1 well
14:29 Opening ceremony of Russian-Indian international Indra-2017 exercise held in Vladivostok
14:02 d’Amico International Shipping launches the first three LR1 vessels
13:30 Sea transport of Sevastopol carried 660,400 passengers in September 2017, down 3.2%, Y-o-Y
13:02 ICTSI orders hybrid RTGs for Manila flagship
12:44 Draft procedure for investment port duty assessment is available at federal portal for legal information (document)
12:22 Aker Solutions wins order for world's largest umbilicals system
12:19 APL starts new Korea China Straits service
12:05 LNG reloading station of Klaipėdos nafta applies highest safety standards
11:37 Major ASW ship Vice Admiral Kulakov enters the port of Alexandria
11:08 Zvezda Shipbuilding complex, Rosnefteflot and Taimyrneftegaz agreed to build and operate 10 Arctic shuttle tankers
10:43 Conference “LNG Fleet and LNG Bunkering in Russia”: registration is underway
10:20 Brent Crude futures price up 0.24% to $57.37, Light Sweet Crude – up 0.33% to $51.46
09:59 Innovative passenger catamaran Grifon presented in Saint-Petersburg (photo)
09:32 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:14 Baltic Dry Index up to 1,582 points

2017 October 19

18:01 Record shipment marks ABP Ipswich and Glencore support of UK farmer
17:38 Arab Association for Women in the Maritime Sector launched in Egypt
17:15 Throughput of port Kaliningrad in Jan-Sep'17 grew by 17% to 10.17 mln t
16:50 Throughput of the port of Rotterdam up 2% to 351.5 mln t in 9M’17
16:39 Panama Maritime Authority holds a kick-off ceremony for the construction of the new Amador Cruise Port
16:21 Russian and Greek ships to participate in 190th Anniversary of the Battle of Navarino
15:59 Hartmann Group's AHTS fleet secures long-term investment
15:39 Throughput of port Vyborg up 15% to 1.09 mln t in 9M’17
15:13 Throughput of port Vysotsk up 3% to 12.91 mln t in 9M’17
14:44 Throughput of port Primorsk in 9M’17 down 8% Y-o-Y to 44.68 mln t
14:38 MABUX: Global bunker prices may continue upward evolution next week
14:17 Throughput of port Ust-Luga up 11% to 76.02 mln t in 9M’17
13:50 Bunker market in the Far East ports of Russia sees mixed price movements (graph)
13:25 Throughput of Big Port St. Petersburg up 10% to 39.48 mln t in 9M’17
13:02 TechnipFMC reaches an agreement to acquire Plexus’ exploration wellhead business
12:46 USC to transit to a new corporate management system
12:33 Knyaz Vladimir cruise liner ends 2017 navigation
12:31 Port of Fujairah and Dutch Port companies sign MOU
12:01 Prosafe updates operational results for Q3 2017
11:39 First vessel with coal shipped from Rosterminalugol to Portugal (photo)
11:20 Clean Marine receives a seven-system order from Inventor Chemical Tankers
11:08 Drydocks World recognized as the region’s best rig repair yard
10:54 Crude oil futures prices edge down 0.05% to $58,12 in London, in New York - 0.08% to $52,0 a barrel
10:41 Marine Institute CNIIMF to focus on LNG bunker market pricing at the Conference LNG Fleet & LNG Bunkering in Russia
10:08 Samsung Heavy Industries wins order to build LNG-FSRU
09:16 Baltic Dry Index edges up to 1566
09:08 Fincantieri starts dry dock works on Viking’s sixth ocean ship
08:16 Conductix-Wampfler’s LASSTEC Container Weighing System Earns OIML R51 Certification

2017 October 18

19:36 Experts to assess damage caused by tanker’s allision with Primorsk port’s pier
18:06 Scorpio Bulkers announces commitment for a new loan facility
17:36 New regular Ro-Ro service starts from Port of Koper to Japan
17:01 ABP’s Port of Ipswich welcomes Department for International Trade’s Export
16:31 Cammell Laird strikes ‘Teaming Agreement’ with BAE Systems in bid to build Type 31e Frigates
16:30 ABP’s Port of King’s Lynn helps support national infrastructure project
16:03 CMA CGM announces FAK rates from ISC to North Europe and Mediterranean