Ocean shipping companies are preparing to implement surcharges for the Panama Canal.

CMA CGM and MSC are set to introduce surcharges for cargo transiting the Panama Canal, effective January 2025, due to a new booking reservation system aimed at managing increased operational costs. MSC will impose a $40 per TEU surcharge for routes from Southeast Asia to the U.S. East and Gulf Coasts, while CMA CGM will charge $150 per TEU for various South American routes. These changes come amid ongoing geopolitical shifts and challenges like low water levels affecting canal operations, leading to additional costs for shippers.