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Shippers are facing new and updated surcharges from ocean carriers due to water-level-related concerns at the Panama Canal.
MSC on Tuesday introduced a Panama Canal Surcharge of $100 per TEU, set to go into effect Aug. 19, due to operational constraints at the waterway. The surcharge applies to all cargo types for shipments between Southeast Asia, China, Korea and Japan to the U.S. East Coast and U.S. Gulf Coast.
Meanwhile, CMA CGM will increase its Panama Canal Surcharge from $40 to $100 per TEU, effective July 25. The fee applies to all cargo shipments, such as dry, reefer and special equipment, from Asia to East Coast Central America, North Coast South America, the Caribbean and Manaus.
The France-based carrier advised customers that the surcharge is due to the recent decrease in Panama Canal water levels and that it is tweaking surcharges to “address the associated operational costs.”
