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panama canal

As a freight and logistics company, FreightExchange keeps an eye on what’s happening in our industry. This story from caught our attention:

Carriers ask Panama Canal to push back start date for new toll structure

Ocean carriers are calling on the Panama Canal Authority (PCA) to delay a change to its toll structure taking effect on Jan. 1, 2020, the same day as the International Maritime Organization’s (IMO) new sulfur regulations, according to a press release from the International Chamber of Shipping (ICS), the Asian Shipowners’ Association (ASA) and the European Community Shipowners’ Associations (ECSA).

The carriers are asking for the toll changes to be delayed until June 2020, saying it would allow them “to adequately plan and adjust their commercial activities accordingly,” the release reads.

Pushing the new toll structure back would allow carriers “to avoid the ‘double whammy’ that the industry would face” with IMO and the toll changes going into place at the same time, Helio Vicente, the senior policy adviser at ICS, told Supply Chain Dive in an email. ICS has not received any indication the start date for the toll changes will be pushed back, Vicente said.

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