Panama offer loyalty plan for containers

Panama’s Cabinet Council has approved modifications to the Panama Canal’s toll structure, including lower rates for container ships via the expansion of a “loyalty program,” as the waterway seeks to boost cargo volumes amid heightened competition with the Suez Canal.

Changes will go into effect in phases, depending on the type of vessel, on Januaryz 1, 2020, and then on April 1 and May 1, the Journal of Commerce reports.