# Panama Canal adds fees, changes booking as it fights drought | Supply Chain Dive

> The Panama Canal Authority announced new fees and a revised booking system from February 15 due to historic drought that left the canal short on water. Surcharges range from $2,500 to $10,000 per transit depending on vessel length, and carriers have voiced opposition.

- Date: 2020-01-15 · published 2020-01-15T12:00:00.000Z
- Category: logistics · region Panama · magnitude high
- Page: https://feedsoft.ai/events/54986-panama-canal-adds-fees-changes-booking-as-it-fights-drought-supply-chain-dive
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Added canal costs and booking constraints increase shipping expenses on US Gulf and Asia routes for grain and feed ingredients, supporting higher delivered costs for importers.

## Read by commodity

- SOY: bearish ▼
- CORN: bearish ▼
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-04-30 | [Drought hits Panama Canal shipping, highlights climate fears \| AP News](https://feedsoft.ai/events/59496-drought-hits-panama-canal-shipping-highlights-climate-fears-ap-news.md) | +0.9% | +8.9% |
| CORN | 2023-06-24 | [US trade dominates Panama Canal traffic. A drought is threatening it](https://feedsoft.ai/events/35379-us-trade-dominates-panama-canal-traffic-a-drought-is-threatening-it.md) | -8.7% | -0.3% |
| CORN | 2024-08-14 | [Gas and grain ships shun Panama Canal after drought disruption](https://feedsoft.ai/events/17006-gas-and-grain-ships-shun-panama-canal-after-drought-disruption.md) | -0.7% | +0.6% |
| CORN | 2026-10-16 | [Panama Canal Adds One Slot, but Grain Freight to Japan Is Up 36%](https://feedsoft.ai/events/16756-panama-canal-adds-one-slot-but-grain-freight-to-japan-is-up-36.md) | -1.2% | — |
| CORN | 2019-05-06 | [Panama Canal Drought Puts Bullseye on U.S. Gulf Crop Exports -](https://feedsoft.ai/events/58988-panama-canal-drought-puts-bullseye-on-u-s-gulf-crop-exports.md) | -3.2% | +10.5% |
| SOY | 2019-04-30 | [Drought hits Panama Canal shipping, highlights climate fears \| AP News](https://feedsoft.ai/events/59496-drought-hits-panama-canal-shipping-highlights-climate-fears-ap-news.md) | -3.5% | +1.0% |
| SOY | 2023-06-24 | [US trade dominates Panama Canal traffic. A drought is threatening it](https://feedsoft.ai/events/35379-us-trade-dominates-panama-canal-traffic-a-drought-is-threatening-it.md) | +4.2% | +1.9% |
| SOY | 2024-08-14 | [Gas and grain ships shun Panama Canal after drought disruption](https://feedsoft.ai/events/17006-gas-and-grain-ships-shun-panama-canal-after-drought-disruption.md) | -3.2% | -0.9% |

## Sources

- supplychaindive.com: https://www.supplychaindive.com/news/panama-canal-fees-booking-drought/570476/

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