A group of shipowner associations is urging the Panama Canal Authority (ACP) to delay new charges set to be applied this weekend which could see some ships paying up to 40% more to use the historic waterway.

In a strongly worded letter the International Chamber of Shipping (ICS), Asian Shipowners’ Association and European Community Shipowners’ Association (ECSA) complained to ACP chief executive Ricaurte Vasquez Morales that their members cannot afford the fees, which have not been justified.