MSC announces Panama Canal Surcharge amidst operational challenges

MSC has announced the implementation of a Panama Canal Surcharge (PCS) at a rate of US$297 per container for shipments from Asia to the Caribbean that transit the Panama Canal. This surcharge will take effect starting December 15.

“During the second quarter of 2023, the Panama Canal Authority decided to reduce the draft from 14.94 to 13.41. Despite several measures to conserve water taken over the last months, the lack of precipitation in the area is affecting the water level of the Panama Canal. Consequently, the Panama Canal Authority has recently confirmed further restrictions regarding the number of vessels crossing the canal,” said MSC in a statement.

MSC explains that these constraints, coupled with the earlier increase in the Canal Tariff, are directly influencing the overall operational costs for MSC.

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