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Shipowners protest Panama Canal toll hike

Friday, May 25, 2012

The International Chamber of Shipping (ICS) said a proposal by the Panama Canal Authority (ACP) to increase tolls by up to 15 percent is "simply unacceptable." Plans to increase toll charges for the Panama Canal are "rushed, excessive and likely to cause further problems for shipping companies" given the fragile state of economic recovery, said the shipowner group in a letter to the waterway authority. On Wednesday, ACP held a public hearing on its plan...

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