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Maersk set a $30 per TEU Panama Canal surcharge effective April 1, twice the $15 per TEU rate of CMA CGM and APL. The canal authority also introduced a $10,000 per-transit freshwater surcharge and a variable lake-level fee amid drought.
Higher canal transit costs and drought-related restrictions add to ocean freight expenses for Americas-Asia grain and feed shipments, supporting freight rates.
freshplaza.comMar 6, 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.
