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The Panama Canal Authority introduced new fees, and Maersk announced a Panama Canal Surcharge of $30 per dry or reefer container on cargo transiting the canal, effective April 1, 2020. The surcharge applies across many trade lanes, with specified corridors listed.
Added canal costs raise the landed cost of US Gulf and Pacific Coast feed and grain exports moving to Asia and Latin America, which can narrow export competitiveness at the margin.
maersk.comMaerskMar 2, 2020Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
