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CMA CGM Plans Panama Canal Surcharge

[ December 6, 2024   //   Gary G Burrows ]

CMA CGM, the French ocean shipping giant, said it will implement a Panama Canal transit surcharge from the Far East to U.S. East Coast and U.S. Gulf, effective Jan. 2.
The Panama Canal Authority with the new year introduced a new booking reservation system, the Long-Term Slot Allocation, or LoTSA, to regulate canal crossing reservations. CMA CGM said this system has led to a significant increase in CMA CGM operational costs.
To recover this extra cost while maintaining service reliability transiting the Panama Canal, CMA CGM will implement a surcharge of US$40 per 20-foot equivalent units, or TEUs, from the Far East (including China, Hong Kong and Macau SAR, Northeast Asia and Southeast Asia) except Taiwan.
Lines concerned are the Chesapeake Bay Express (CBX), Gulf of Mexico Express (GMXP), Manhattan Bridge (MANB), Pacific Express 3 (PEX3), South Atlantic Express (SAX), Taiwan Strait (TWS), Vespucci Service (VESPUCCI) and Pacific Express 2 (PEX2).

Tags: CMA CGM