Panama Canal implements ‘disruption charge’

LNG transiting the Panama Canal.jpeg

An incident in the Panama Canal could prove costly as the Panama Canal Authority (ACP) implements a ‘disruption charge’ for vessels causing delays and operational difficulties to the critical waterway. shipping

The disruption charge will apply to vessels causing disruptions to the normal transit schedule of the canal. The new tariff for vessels involved in an incident that causes will be charged in addition to the regular transit fees based on vessel size, type, and cargo. sea freight

According to the ACP, the disruption charge will be assessed on a case-by-case basis, considering the impact of the disruption on canal operations and the duration of the delay. The charges will be calculated based on a fixed rate per tonne of cargo or vessel displacement and capped at a maximum amount.

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