News / MSC slaps bumper surcharge on boxes through restricted Panama Canal

Photo: © Richardpross

CORRECTION: 30.11.23 We initially wrote $297 per teu: but it is per container.

MSC has slapped a bumper $297 per container surcharge on shipments transiting the Panama Canal in response to the increasing capacity reductions.

It followed the announcement on Tuesday by CMA CGM of a $150 per teu ’Panama Adjustment Factor’, valid from 1 January. MSC’s surcharge will begin two weeks earlier, on 15 December.

MSC told customers: “During Q2 23, the Panama Canal Authority decided to reduce draught from 14.94 metres ...