01
Jan
The Panama Canal will no longer be an inexpensive way totransport a yacht between the Atlantic and Pacific oceans if an expected increase in the toll takes effect this spring. Instead of the relatively cheap $650 transit fee ($250 plus a $400 "measurement fee") required until now, the new fee will be $1,500 after May 1, according to officials with the Panama Canal Commission. The fare increase, which has outraged the world yachting community since it was first announced in January, is being described as necessary by the Commission to balance rising maintenance and operation costs. Panama is set to…