Disclaimer: The information provided on the Timber Exchange Market Data Hub is sourced from a variety of publicly available data sources and confidential sources that have not been independently verified. Timber Exchange is not responsible for any expenses, damages, losses, or costs incurred as a result of using or relying on the information provided on this site. By using the Timber Exchange Market Data Hub, you agree to use the information at your own risk and acknowledge that any decisions made based on the information provided are done so solely at your own risk.
CMA CGM implements low water surcharge at Brazilian port
Posted on October 30, 2023 |
In response to low water conditions on the Amazon River in Manaus, Brazil, French shipping company CMA CGM is adjusting its fees.
The reduced water levels are affecting the ability of ships to carry and unload cargo at the Manaus port.
To deal with these issues, CMA CGM is introducing a surcharge of US$2,100 per TEU (standard cargo container) for all cargo types at the Manaus port in Brazil.
This surcharge will be effective from October 22 and is intended to address the challenges posed by the low water levels.
The objective is to handle the situation and ensure the continuation of shipping operations in the region despite the difficulties caused by the lower water levels.