Panama Canal Transit Surcharges Rolled Out by Carriers for 2025

Shipping costs for Asia-US east coast transits are set to rise in the new year as major carriers implement surcharges to offset increased fees introduced by the Panama Canal Authority (ACP). MSC and CMA CGM have announced a $40 per TEU surcharge starting January 1, 2025, to address additional costs associated with the ACP’s revamped transit reservation system.

The ACP’s new system includes modifications to tariff structures, fee amounts, and the introduction of new tariffs aimed at optimizing operations, improving service levels, and balancing supply and demand. These changes will provide greater flexibility and convenience for customers while ensuring efficient use of canal resources.

To mitigate increased costs, MSC explained its surcharge would ensure continued reliable services. Similarly, CMA CGM justified its surcharge as necessary to maintain dependable operations through the canal. Both carriers will apply the surcharge to all cargo types on Asia-US east and Gulf coast routes.

Ocean Alliance partners like Cosco, OOCL, and Evergreen are expected to follow suit with similar surcharges, impacting services such as the Chesapeake Bay Express, Gulf of Mexico Express, and South Atlantic Express.

In addition to new surcharges, ACP introduced penalties for late cancellations or no-shows, with fees up to 250% of the reservation cost. On the other hand, it also added flexibility, such as free swapping requests up to 14 days before arrival and new last-minute reservation options to accommodate vessels without prior bookings.

While the ACP’s measures aim to enhance operational efficiency, shippers and forwarders are preparing for the financial ripple effects these adjustments will bring in the coming year.