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French carrier CMA CGM is set to become the first major carrier to apply a new surcharge on shipments transiting the Panama Canal, in response to the ongoing capacity reductions.
The world’s third-largest shipping line said the series of reduced capacity measures introduced by the waterway authority this year – and forecast to continue into 2024 – were pushing up its costs.
“The lack of precipitation over the summer has forced the Panama Canal Authority to reduce the number of vessels transiting ...
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Felix Harrington
November 21, 2023 at 7:31 pmFacing increased costs due to ongoing capacity reductions at the Panama Canal, CMA CGM announces a new surcharge on shipments. Learn more about shipping options in Canada at Canada Post Shipping Comparison