Capacity squeeze looms as Panama Canal restrictions tighten

CMA CGM has postponed its $150 per teu Low Water Surcharge on cargo moving from South America’s west coast through the Panama Canal, where more restrictions on draught and transits are expected. The French carrier had announced the surcharge would take effect on 1 September, but told customers yesterday it was pushing the start date back to 1 October. The charge will apply to all cargo from South Read full article →