Panama is proposing a new structure of tolls to reward bigger cargo transits through the Panama Canal.

There will be a 30-day formal consultation period for the changes, with introduction planned for 1 January, 2020.

"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."