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No Panama Canal increases for break bulk sector

Monday, August 13, 2012

The newly restructured Panama Canal tolls that increase in October will not affect the container and breakbulk shipping sectors for now.

The Panama Canal Authority is increasing the number of shipping segments from eight to ten that will have to pay the increased tolls.

"The new structure offers price stability to the Panama Canal clients during the next two years, while the approved tolls remain below the value it offers as a safe, reliable and efficient route," said Panama Canal Authority Administrator Alberto Alemán Zubieta.

Source: Heavy Lift