Panama Canal Toll Fee : How Much Do Ships Pay? | Chief MAKOi Seaman Vlog
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- Опубликовано: 22 авг 2024
- In this video, I discuss the fees that ships pay when passing through the Panama Canal and how much they save by doing so.
Panama Canal Toll Fee : How Much Do Ships Pay? | Chief MAKOi Seaman Vlog
#ships
Chief Makoi could never be a politician. He explains things simply and with common sense which makes them easy to understand !
That IS a hell of a GREAT "compliment to him !!!
@@ricks.1318 But, but, us politicians are really butt hurt. 🤣🤣🤣
Well that ruins how I had life figured out.
I was under the impression that anything you couldn't easily explain to a child was on the wrong side of good.
All kidding aside...
If I were to bestow a title on this person,
Diplomat of Common Sense
Wouldn't give me pause for a moment.
That is what would make him a great captain.
Political issues generally do not have a clear answer. It's often more difficult than a "yes" or "no".
Take a hot topic, like gun ownership, then you'll get my idea.
Did not know Chile charges passage fee for Straits of Magellan, Looked it up, learned something. Thank you, Chief.
I didn't know that either. I thought that it was open ocean.
Maybe they have to pay to have rescue ships available. I hear it gets a little choppy there.
I wonder how treacherous it is for a large container ship compared to a "little" wooden sailing ship?
@@jimaanders7527 The strait is not all the way to the bottom of the continent, so it is saving some distance again on the full internal waters route that you could take.
I read that if Global warming keeps up the northwest passage around the top of Canada would be available for ships to transit. There was a big deal made when Canada announced it would charge a fee for ships to use the "open ocean" up there as well.
@@peterwaugh9416 It is also a point of dispute between the USA, Russia and Canada. Canada is claiming many unpopulated islands, and that makes any gap less than 28 miles wide Canadian territorial waters. The USA and Russia disagree.
You weren't the only one who didn't know that.
That was fascinating. Nobody thinks about the cash flow situations. You are a teacher and your humble attitude is why I've made your videos required viewing for me. Be safe my friend.
We transited the Panama Canal 3 weeks ago on the cruise ship, Nieuw Amsterdam using the Panamax locks with 1600 paying passengers. We were told that our transit fee was $450,000. This fee was comparable to prior cruise ship transits we have done. Very nice video!
Hokey heck.
I'm always surprised, when the cost of operating a ship is so high, why shipping companies tend to be such skinflints when it comes to crew comforts like decent and free WiFi. It must be a practically insignificant cost in the scheme of things.
Until very recently ago, charter rates were below the full cost to maintain a ship. Many cargo ships were therefore scrapped, which lead to a reduction of the supply. Ship owners who survived that period financially are doing fine again now but it is a hugely cyclical business that can go sour again in a few years. I'd keep a lid on costs if I were in that business...
Because they know they can get labor from poorer or disadvantaged populations, so they don't need to be as concerned with whether their employees like it. And because they are companies, they will cut costs anywhere they can get away with it.
The ones running Suez and Panama canals know pretty much the cost of going all the way around, and set their prices accordingly. Fuel goes up, fees follow. They know they have the worlds ocean traffic in a solid grip. You think it's too expensive? Oh, you are welcome to take another route.
If the north west passage will be ice free every summer in the future and considered a free or low cost water way, they might have to adjust the fees.
Letting the Egyptians and the Panamanians nationalize the canals was an incredibly large mistake. Letting two unstable countries - in possible war zones - control the two biggest trade bottlenecks is beyond risky.
The Egyptians have raised the fees enough lately that some people have just been going around Africa instead of paying them.
@@h.db.9684 `Letting them nationalise the canals` - but the canals run through their countries, why would they allow some foreign government or company to operate them?
@@rjmun580 Possibly because that foreign government built them
@@MrJacobst none of their governments built those canals
@@rjmun580 everyone already said it. The foreign countries built them. No shade against Panama and Egypt, but if someone else hadn’t built those canals they would still be jungle and desert. Also look into the history of the land where the canals are; it’s pretty complicated.
This is a valued window to a world most people never get to see. Thank you for the videos 👍
You do an AWESOME job of "educating" us viewers on so MANY things ....... I find your channel somewhat "addictive", and look forward to the next video !!! "Thank you" !
Chief Makoi is good instructor of the new seaferer.Keep safe always chief and God Bless your journey all the time.
If we had public school teachers and college professors teaching the way you do Chief, we would have a nation with decision makers and planners making intelligent choices and policies, and avoiding much of our self-created difficulties. Great job sir.
Chief: We had the pleasure years ago of traveling through the canal from the south to the north on a cruise ship. I found it amazing that the entire operation is gravity fed. No pumps are used to manage the water systems to raise and lower the ships. Thank you for your presentation I found it most interesting.
This was really fascinating. My father, when he was in the US Navy was stationed in the Canal Zone (then it was US territory). He always had some great stories of his time there. Thanks, Chief.
Now it's fully owned by China 😁
Super interesting! Those costs amaze me. I’m just a consumer sitting comfortably and would never have guessed the magnitude of cost for shipping!
You really know your science in this incredible process of cargoing. Don’t think that a real word but it works. . . Thanks you. I did enjoy.
A few years back, I took a cruise from Los Angeles to Fort Lauderdale via the Panama Canal. They said that the cost was $500,000 approximately using the old Panamax locks. That seemed to agree with the extra port charges times the number of passengers. They had a lecture on the history of the canal. I had a good time photographing the activity as we passed through.
I spent 4 years as a kid there, at Fort Clayton, which is right next t the canal! I used to ride my bike to the locks in the early morning, with my monkey Fred sitting on my shoulder. This was the early 1970s... and it was a magical time for me. Dad was Army, and because of him we traveled to many wonderful places on this planet. Thank you dad, miss you.
The shorter route saves fuel and 10 days time. The ship is then available to load cargo and be under way about 10 days earlier. By now a ship taking the longer route is a week from arriving in port. The canal allows the ship to work harder in a year and make more trips and more money.
I am a mechanical designer and also a retired professor. I'm Brazilian, I'm 68 years old, and I've lived for 5 years in the United States. I love watching your video lessons, and I can say that you have a wonderful didactics. Congratulations!
Very interesting video. Most of us land lubbers have no idea of the cost of shipping. Also, great to see you being able to spend more time with your family at home.
Eleven days of time saved for a container ship is time lost not carrying other loads. That has a price too.
That's basically what the charter price accounts for no?
@@wxlidfnb No. It is more than that. As an example. Let's say you make $10 million profit per trip from A to B and it takes 2 months. So in a year, you make 6 trips or $60 Million. If you could cut the time in half, you could make twice as many trips with the same ship, and make $120 million a year. That is like having a free ship. The charter cost for a year for one ship is the same, but the returns are higher. By taking the shorter route you increase your capacity.
@@BradHouser I guess you can look at any operational savings as a reinvestment opportunity, which makes it potentially worth more. Any money not spent on something (anything) could be spent chartering more boats and thus increase capacity without increasing the amount of working capital.
Finance can really give you a perspective on the world. Very educational video. Of course all Chief MAKOi's videos are very educational!
Chief, I am continually impressed with the growing quality of your productions. However, I still miss your onboard VLogs.
Time is money isn’t it Chief? I used to drive 18 wheelers in the US for a few years. When I had my own truck, I did trip planning the same way, especially if I was running from North Carolina to Boston. The North East corridor can get pricey with road tolls, especially NJ&NY. Back 20 years ago, it cost $20 to cross one bridge. I usually took a little longer route but came out way cheaper than forking out 60-70 per trip (2 a week) just for tolls. My loss in time and fuel consumption was no where near the loss of money just in tolls. Much love to you Chief.
As always, Capt, love your videos! Simple economics. While in the Navy as a nuclear power plant operator, we left Livorno, Italy, out the Straights of Gibraltar, south along Africa, around the Cape of Good Hope, north along Africa to the Indian Ocean in 18 days. Being nuclear, we ran flank 24/7. We then basically putted in circles until we went off the coast near Iran in support of Operation Eagle Claw (Iranian Hostage rescue attempt). We were a refueling platform via HIFR-Helo In Flight Refueling, for the RH-53's the Nimitz took in as we left Italy that went in, but didn't make it back. I was on the USS Texas (CGN-39).
What does any of that have to do with the Panama Canal??
My point being what it takes to go the long way around. In my case the way we traveled to not make it look like we were going to Iran by traveling through the Suez Canal, especially since we were nuclear-powered war ships.
How many years before the United States Ship Texas needed re-fuelling?
@@josepeixoto3384 @Jose Peixoto She was on a 15 year refuel schedule.
@@ad1vet783 Thanks, i figured that, just wasn't sure if it was 15 or 20; i just wish they sold cars like that lol.
Exactly what I like to see on a Saturday morning
I’m always happy when you post a video. I had always heard it was expensive but cheaper, great to see actual calculations from an expert.
Hey Chief, thanks for another great video. Brad Houser said it first - that's called "opportunity costs", that extra 11 days could have been spent doing something else that makes money, not to mention 11 days more wear and tear on the ship.
This is the best simple breakdown of the costs I've seen , love it .
I learned something new today. Would it be possible for you to show samples of the different types of fuel that a ship burns such as ultra low sulfur, low sulfur, bunker/resid and do a video about it?
Once again, an excellent video, so very interesting... thank you.
Great video. Thank you! Could you possibly do one on the different types of fuel that cargo ships use, the pros and cons of each, and where they are allowed to run them?
Thanks chief nice information shared. Cool have a fantastic day.
Thank you for this I know when we would send our grain ships from Texas I always knew the pan was a bit north of 200k but I understand now more and thank you for this calculator we are now focused on IMO and a biodiesel that is renewable not soy-based it will change the way the world ships and bunker fuels will be so inexpensive we will move the world!
Your videos are truly the quality I look for. It may not even be something that interests be but the way you deliver the subject makes it well worth watching.
thank you again ,excellent as always
Another good and fascinating video from the Chief himself. Thanks man
That is amazing. Something I never would of known about . Thank you. I love your videos.
alright, this one I've been waiting for.
It's a great experience going through the Panamax locks for sure. Obviously, giving control back to Panama by Jimmy Carter was probably a big plunder for the United States when looking at the revenue.
I like the way you put videos together and your knowldge I find interesting.
Of course the weather around Cape Horn is a factor that cannot be overlooked, winter must be close to impossible.
As a french studying the Panama Canal for school in English major, your video was really clear and enjoyable !!
Chief Makoi..i never saw any dislike in every videos..i salute your hard works
Great video, very informative. The numbers are super large when you think about your daily budget. But it’s just another day at the office for the shipping folks in the corner offices.
Cheif, excellent presentation, really enjoyed getting a sense for the numbers. I recall as a kid once reading that someone swam across the canal and his toll was 50 cents.
I always learn something new when I watch this channel.
Enjoyable and informative. The kind of content i like and i wish im able to properly create.
Especially on calculation of rates. It allows viewers to perform their own research or do "what if" scenario. This encourage critical thinking.
Great vlog as always! I hope all is well!
Your Content cannot be unmatched chief. Obsessed with your studio🎊🎀🎀🎀🎀
Interesting information! Thank you for the time you put into these videos!
Everytime interesting and clear.
Thanks Chief.
Thank you Chief.
I enjoy and appreciate your videos . 💯
Most interesting, thank you Chief.
Evening Chief,
Wow, that's quite some saving and time.
Many thanks for your time to film and explain.
Best regards.
this was dope ty for doing these calculations. always curious about canals. amazing and so productive
Yes, very informative......thank you
Great video... as always. Glad I found your channel, Chief! Hope they use the $$$ Wisely!!🇺🇸🎩🇺🇸
Fascinating as usual, thanks Chief! 👍👍
Yes first of all , i really envy to you for offering such informative video vlogs and appreciate it , you are the one of the person who could inspire me to make attention on our carrier job and create as such kind of vlogs to catch esteem of different carriers . ( ChiefA'ung ) .
Yet another fascinating and informative video. Thanks, Chief!
Outstanding presentation!!
I love this stuff. So, this is how the world actually works! Thanks!
Chief you are a great teacher. I love your videos, BRAVO
Youre voice is so relaxing.
WOW!!!!! Great info. Thank you. Just, WOW!!!!
That was great! Thanks for sharing this information it was very interesting.
And here I was complaining about the $13.75 toll on the George Washington Bridge...
That was for a 1,5 ton car. Now try to get 50000 tons dead weight and 40000 tons cargo over the bridge. Its over $800 000. So the fee per ton and km is way lower for the canal. And they have alot of operation cost for the locks. Whats the cost of the G W bridge? Some repair and paint.
300 000 cars every day over the bridge gives about $4M in fees. Pretty much the same as the canal takes 10 vessels a day through the old locks. The new 12-14.
Thanks Chief, I enjoy your shows,,never knew the toll is so much, FULL STEAM AHEAD,SAFE SAILING
Good job explaining this. You speak explain everything clearly and concisely in all of your videos.
With a savings of 11 days you make the ship available for another load plus some days left over after the 2nd time it passes through the PC raising possible profits.
Thank you for posting this video Chief . There's no balance between capitalist greed and the needs of our planets citizens sadly .
You got that right brother....
Fantastic stuff Chief, gives a real clear picture to a landlubber like myself! Keep up the good work!
Thank you for the enlightement.
SUPERB VIDEO, with so many informations . Thank's a lot Chief, and my best regards for you, your crew and your families. ( From an old French ship agent.)
Very clear and understand Chief. Keep safe and Keep on sailing.
Thank you..
I always enjoy watching your videos. 🙂
Fascinating! Thanks, Chief!
Unang una Po sa comment section chief makoi shout out next vlog
Thank you very much for this video.
Please make video on this types of topics its help to grap knowledge. I am a future seafarer and doing my pre sea course from India the course name is Diploma in Nautical science (DNS).
Excellent, very well explained. I bet there is “Other hidden fees, tips or gratuities” not to be mentioned.
Thanks for showing the math involved with this. Very interesting.
Those numbers knocked me out of my chair. Incredible. Panama Canal racking in the dough.
Factor in the very high maintenance costs on the Panamax locks, and the Panamanian labor costs and no, the ACP is not raking in what you think. Yes, they are making money, but then so should any business entity. Under the US Administration the waterway operated at a break even point. The ACP has always operated it as a profit making entity.
@@andyq3841 Interesting. THX
Happy to listen and learn Chief
The toll fee shocked me until you showed how much more it costs to go around. Crazy! didn't know shipping was this expensive!
The cost per container is few hundred USD.
Very informative. Assuming the North West passage (through Canada) is feasible now or near the future, could you calculate the costs of your example? What are the challenges of using this path?
I get depressed that there's even going to be a north west passage
Penguin Pirates...it's gonna be a thing....
@@Odin029 I'm from Canada and I really hope that it won't happen. However, there's international pressure to take away the environmental control of the passage from Canada and make it "free for all".
The challenges are ice and also a lack of detailed underwater charting through much of the passage, meaning ships could easily run aground. It would cut the transit time from Asia to northern Europe dramatically. The primary environmental concerns are the effects of black carbon coating the ice, decreasing the albedo, leading to increase ice melting and less sunlight being reflected from Earth, and also the complete lack of equipment to handle emergency situations such as spills.
Some ships are already transiting the Arctic along the Russian coast during late summer and early fall, which saves over a week of sailing. While it saves Suez fees, and avoids piracy around the Horn of Africa and the Straits of Malacca, I do believe the Russians charge a fee for the nuclear ice breakers that escort the ships.
@@durgan5668 Sorry to disappoint. Penguins are only found south of the equator and most around the Southern Ocean, neighboring land and Antarctica with the Galápagos penguins being the biggest outlier.
Aside from all that, your comment is funny and the imagery made me smile. ❤️
Muy buena información del canal de Panamá.👍..un saludo y que tengas siempre buena navegación
I didn't think about the Pilotage Fee for transiting the Magellan Straits, Interesting
Thanks Chief!
Thank you for a great video - People always wonders how much it cost
Wow!. I had no idea costs were so high to get a ship from A to B. Thanks for sharing this information.
could you give us a calculation of what it is costing a shipping company to sit at anchor in CA. There must be a cost to have their generators running, plus their lost time due to no new cargo on the ship. So how much do they loose if they can't move along and take on a new cargo? (sitting still mean no profit I would think) They must also have to pay their crew while sitting there.
That's Biden's Fault. Let's Go Brandon!!
@@Vicryl007 i blame Trump. Go idiot!
@@andytran9370 - Why? Biden is currently the president and Dr. Fauci funded the Wuhan Lab.
@@andytran9370 But you blame Trump for everything, so blaming him really doesn't mean anything.
Money makes the world go round and: effects the cost of goods on the shelf. Very helpful vodeo in figuring why our daile needs cost what they do. Thanks Chief
While I was on a Destroyer on the US Navy we passed through the Panama Canal 3 times. Just before Granada was invaded we waited on the west side just in case we were needed and could have started through without waiting in line. We were not needed so as soon as the Students were evacuated we headed north to San Diego, CA which was our home port. If we had gone through I would have ended up going through 5 time's in 2 years.
I'm sure once Jackass Junior finds a way to line the liberal coffers with cash from a toll, he will open it up despite objections from every Canadian citizen.
Thank you for this. I always wondered about the difference. Canada now needs to determine a NorthWest Passage rate
Frankly, given the state of the environment, I hope that rate is never calculated, and passages are denied. Canada does not have the resources in the arctic to accommodate vessels passing through the Northwest Passage in case of emergencies, fuel spills, ports, etc.
@@joncalon7508 That would likely be what the fees would pay for. Emergency services and clean up.
Just watched that video of you from 2017 crossing the Panama Lochs! Still a great video!
I enjoy each of you videos. Keep them coming. :)
Again an very interesting video. How the traffic through the Panama Canal is organised ang how is the status of the new Panama canal. I know I could Google it but in your videos it's more precise as usual. As a German I like it short and on the spot 😉
Didn’t realize it was that much to go through the Panama Canal. Thanks for sharing.
You should make a video explaining the difference between VLSFO and LSMGO, and why they require you to use LSMGO in certain areas. I didn't even know they made you change fuels! Love your content. Been watching for years.
That's lined up. I actually have footage onboard during the change-over process.
Thank you for that crash course . I really enjoyed it!
Nice........Chief you are da'man. ⚓☸️ Thank you for another great presentation. ✌️
You're a good teacher Chief and I've learned a lot from your videos. Mostly that I chose the wrong career.
Thanks Chief, your research is impeccable. The actual dollar figures will, as you said, vary with shipping rates and fuel rates. Used to use Bunker C at $50 per ton!