# Panama Canal restrictions could halt US coastal shift - The Loadstar

> The Panama Canal Authority is further reducing maximum vessel drafts during a severe drought, with restrictions from May 24 and May 30. Maersk and Hapag-Lloyd are implementing surcharges and redirecting some Asia-US East Coast loops via Suez. Rainfall from February to April was less than half of average, pushing Gatun Lake levels lower.

- Date: 2023-05-23 · published 2023-05-23T12:00:00.000Z
- Category: logistics · region Panama · magnitude medium
- Page: https://feedsoft.ai/events/35836-panama-canal-restrictions-could-halt-us-coastal-shift-the-loadstar
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Carriers rerouting via Suez and imposing surcharges tighten container capacity and lift freight costs, which can raise landed costs for imported feed ingredients and affect US export shipping.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- theloadstar.com: https://theloadstar.com/panama-canal-restrictions-could-halt-us-coastal-shift/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.