# Maersk doubles down on Panama Canal freshwater surcharge

> 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.

- Date: 2020-03-06 · published 2020-03-06T12:00:00.000Z
- Category: logistics · region Panama · magnitude low
- Page: https://feedsoft.ai/events/54039-maersk-doubles-down-on-panama-canal-freshwater-surcharge
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher canal transit costs and drought-related restrictions add to ocean freight expenses for Americas-Asia grain and feed shipments, supporting freight rates.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freshplaza.com: https://www.freshplaza.com/north-america/article/9196804/maersk-doubles-down-on-panama-canal-freshwater-surcharge/

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