Due to rising operating costs brought about by fuel hikes, the Panama Canal Authority (ACP) on Friday announced revised fees for tug, locomotive and linehandling services, to begin March 1, 2008.
The decision was made by the Republic of Panama's Cabinet Council, on the recommendation of the Panama Canal Authority's Board of Directors.
Over the past eight years, the Canal has spent USD1,329 million in significant investments in these areas, through the acquisition of a new fleet of state-of-the-art tugboats, a new generation of locomotives and other improvements.
The money from the adjusted fees will help the Canal to continually invest in these critical areas, the ACP explained.
Rates for tug services will increase 8%; rates for linehandling services will rise 7%. Additionally, a USD300-per-wire fee will be charged for ancillary locomotive services, up from a USD200-per-wire fee (wires are attached to the locomotives to ensure that the vessels stay centered as they transit through the locks).
Regarding visibility requirements on container vessels, additional costs are incurred when a vessel notifies the Canal less than 48 hours prior to its arrival that it intends to load exceeding Canal standards.
Vessels that exceed ACP visibility requirements will now apply a rate of USD4,000 when the information is submitted at least 48 hours prior to its arrival, and a rate of USD8,000 when the information is provided less than 48 hours prior to its arrival.
New nominal fees related to other marine services which have not been updated for years, such as admeasurement, transit vessel inspection, safety and security, launches and Automatic Identification System (AIS) rentals, will increase 7% on average.
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