# Panama Canal discounts may not produce expected flood of new business - The Loadstar

> The Panama Canal Authority approved reduced tolls of $10 to $15 per TEU for southbound Neopanamax vessels from October 1, aimed at attracting Asia-US East Coast services. Drewry doubts the discount will quickly win over carriers, as cheap bunker fuel and Suez incentives weigh against it.

- Date: 2017-08-21 · published 2017-08-21T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/69354-panama-canal-discounts-may-not-produce-expected-flood-of-new-business-the
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Container-focused toll changes have little direct effect on bulk grain freight rates, so the impact on feed commodity prices is minimal.

## Sources

- theloadstar.com: https://theloadstar.com/panama-canal-discounts-may-not-produce-expected-flood-new-business/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.