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The board of directors of the Panama Canal Authority (PCA) has approved a proposal to modify the canal’s toll structure and admeasurement regulations. Ships will be charged on average 8% more via the proposed changes. A public consultation period is now open until May 17, with a public hearing scheduled for May 20. The modifications are expected to go into effect on January 1, 2023.

The proposal establishes a simplified structure to reduce confusion and misinterpretations, and stabilise pricing, according to the PCA. The current structure has resulted in more than 400 toll rates. The changes are intended to significantly reduce that number.

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