CMA CGM has postponed the introduction of its Low Water Surcharge (LWS) for cargo moving from South America's west coast through the Panama Canal, according to The Loadstar. The French carrier had initially planned for the surcharge to begin on September 1.
The Loadstar reported that the start date for the $150 per twenty-foot equivalent unit (TEU) surcharge has been pushed back to October 1. This adjustment comes as the Panama Canal anticipates additional restrictions on vessel draught and transit numbers.
The announced LWS will be applied to all cargo originating from South America's west coast. The Loadstar indicated that these measures are a response to tightening conditions within the Panama Canal.
The ongoing situation suggests a looming capacity squeeze in the region, impacting maritime logistics and freight movement. Carriers are adapting their pricing strategies in anticipation of these operational challenges, as reported by The Loadstar.
