The Panama Canal Authority (ACP) will modify its transit reservation system from January 1,2025. Specific include: adjust charge, implement new charge standard.
In addition, if the ship does not arrive within seven days of the scheduled date, then a huge surcharge equivalent to 250% of the cost of the booking is charged.
As a result, Mediterranean Shipping (MSC) and Dffy (CMA CGM) will impose a new Panama Canal surcharge on the Asia-US East Coast route.
On December 16, MSC Mediterranean Shipping announced that the MSC would impose the Panama Canal surcharge (PCS) to address the increased costs associated with the ACP policy.
Effective 1 January 2025, affected trade routes: Southeast Asia, China, Korea and Japan to the east coast of the United States and the Gulf of Mexico, charge $40 per TEU for all cargo types.
In addition, CMA CGM also announced a "Panama Canal transit surcharge" from 1 January 1,2025 to recover this additional cost.
$40 / TEU for all the goods from the Far East (including Chinese mainland, Hong Kong, Macao, Northeast and Southeast Asia) via the Panama Canal to the East Coast of the United States and the Gulf of the United States.
It is worth noting that we also need to pay attention to the charges of other ships.
As partners of the Ocean Alliance, COSCO Shipping, Orient Overseas and Evergreen shipping companies may also impose a Panama Canal transit surcharge.
Here we remind the shippers involved in the East American route, pay attention to the change in freight rates, and make a reasonable delivery plan.
Source: SouHang Network