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Panama Canal defers toll hikes

Central America

Thursday, June 28, 2012

The Panama Canal Authority (ACP) has revised plans for raising tolls following an outcry by shipping companies over the increases. The ACP board of directors said it will defer increases from July 1 to October 2012, with a second increase in October 2013. "At the request of the industry, implementation of the new charges has been postponed from July 2012 to October 2012, giving the industry additional lead time before implementation of the new tolls as well...

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