Shippers Urge Withdrawal of Panama Canal Toll-Rise Plans
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Ship owners representing 80 percent of the world’s fleet said plans to raise tolls by as much as 15 percent to navigate the Panama Canal as early as July 1 must be delayed pending a study on the impact on vessel operators.
The International Chamber of Shipping said the Panama Canal Authority proposals, announced last month, should be withdrawn, and six months’ notice given for future increases so shipping companies can plan properly for increased tolls.