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CMA CGM implements Panama Canal surcharges amid rising fees

Posted on November 21, 2024 |

Starting January 2025, the Panama Canal Authority will implement a prepaid slot system (LoTSA) for Neopanamax vessels and increase booking fees.

These changes aim to support infrastructure upgrades and improve transit efficiency.

In response, CMA CGM will introduce a new Panama Canal Transit surcharge from January 2025.

The surcharge will apply to all cargo using the Panama Canal on specific trade routes.

Shipments from the Caribbean, South America East Coast, North Europe, the Mediterranean, Africa, the Indian Ocean, the Middle East, the Red Sea, and the Indian Subcontinent to the South America West Coast will incur a surcharge of US$150 per TEU, with the same rate for the reverse direction.

Cargo from the Far East to the Caribbean via the Panama Canal will also be subject to a US$150 per TEU surcharge.