Wednesday, October 21, 2020

Logo Central America Link

Panama Canal imposes water charge

Friday, February 21, 2020


A new “freshwater” charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus.

The Panama Canal said last month it would introduce a charge from Feb. 15 of $10,000 for any vessel more than 125 feet long, Reuters reports.