This move was unveiled by the Panama Canal Authority in a proposal to modify its current tolls structure.
The announcement made on 14th June, marks the beginning of a 30-day formal consultation period for industry feedback, which will close on 15th July, 2019.
"With this proposal, we aim to better serve the global maritime industry," said Panama Canal Administrator, Jorge Quijano. "Our proposed modifications will increase transparency and flexibility, among other improvements, to ensure the Panama Canal remains competitive and optimal for the industry today and moving forward."