CMA CGM has announced a postponement for its Low Water Surcharge, originally set to begin on September 1. The French carrier informed customers that the surcharge will now take effect from October 1, as reported by The Loadstar.
The surcharge, priced at $150 per twenty-foot equivalent unit (TEU), applies to cargo originating from South America's west coast. This charge is specifically for shipments moving through the Panama Canal.
The decision to implement the surcharge comes as the Panama Canal faces increasing restrictions. These limitations affect both the draught of vessels and the overall number of transits permitted through the waterway.
The Loadstar indicates that further restrictions on the canal's operations are anticipated. These ongoing challenges contribute to a looming capacity squeeze within the maritime logistics sector.
The Low Water Surcharge aims to address the operational impacts and increased costs associated with navigating these challenging conditions in the Panama Canal.
