# Panama and Suez Canals offer cost reductions for COVID-19

> The Panama Canal Authority announced temporary relief from April 29, 2020, letting ship operators pay transit reservation fees when other fees are due rather than weeks in advance. The Suez Canal and Panama Canal are both offering cost reductions amid the COVID-19 pandemic. Shipping lines have also introduced cost-saving options.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/53025-panama-and-suez-canals-offer-cost-reductions-for-covid-19
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Lower canal transit costs can marginally reduce freight expenses for grain and feed shipments routed through these waterways.

## Read by commodity

- OCEANFRT: bearish ▼

## Sources

- shippingandfreightresource.com: https://www.shippingandfreightresource.com/panama-and-suez-canals-cost-reductions-covid-19/

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