MOL Benefactor pays record fee of $841,000 to transit expanded Panama Canal


News from Panama / Tuesday, July 5th, 2016

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Michele Labrut reportsĀ  from Panama for Seatrade Maritime News on this historic and record fee.

The 8,900 teu-MOL Benefactor carrying 7,100 teu became on 1 July the first neo-panamax container vessel to transit the Panama Canal after its inauguration 26 June.

The boxship, built in 2016, is 336 m long, 48.25m wide with 12.36m transit draught although her maximum draught a transit draft of 15.5m and paid the record toll of $841,000. MOL Benefactor is part of the NYX service whose partners are OOCL, NYK, APL, MOL, Hapag-Lloyd and HMM.

Her voyage began in Quingdao, calling Ningbo, Shanghai, Pusan, MIT (Panama), New York, Norfolk, Savannah, MIT (Panama) and back to Asia.

Canal tolls increased 1 April and are paid by panamaxes and neo-panamaxes alike, those later paying according to their load and capacity which are expected to double or triple in near future the panamax vessels.