
portsJan 1, 2000
Panama Canal to resist entering 'price war' with Suez after it slashes tariffs
THE Panama Canal will not engage in a "price war" with the Suez Canal, which has started offering discounts of up to 65 per cent, to avoid losing ground to its rival that can accommodate vessels of up to 22,500 TEU compared to the expanded Panama Canal's much lower limit of 14,000 TEU.