# Panama Canal adds fees as climate change pinches ships - FreightWaves

> The Panama Canal will impose new fees on vessels from February 15 after total rainfall fell 20 percent in 2019 and Gatun and Madden Lakes dropped below norms. Container shipping will bear an outsize share of the costs, and Asia to US East Coast container costs have risen sharply.

- Date: 2020-01-14 · published 2020-01-14T12:00:00.000Z
- Category: logistics · region Panama · magnitude medium
- Page: https://feedsoft.ai/events/54987-panama-canal-adds-fees-as-climate-change-pinches-ships-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Higher canal fees and longer routings raise ocean freight costs, particularly to the US East Coast, which can shift trade flows for dry bulk and feed cargoes toward West Coast ports.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- freightwaves.com: https://www.freightwaves.com/news/panama-canal-adds-fees-as-climate-change-pinches-ship-space

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