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  • MSC Customer Advisory - Panama Canal Surcharge - POD Region Carribean - Nov 2023

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    Miguel Polanco Bastidas
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    The Panama Canal Authority has recently confirmed further restrictions on the number of vessels that can transit the canal due to low water levels caused by lack of precipitation. These restrictions, combined with an earlier increase in the Canal Tariff, are directly impacting MSC's overall operations costs. As a result, effective December 15th, pricing for cargo from Asia to the Caribbean transiting the Panama Canal will no longer include the Panama Canal Surcharge and will instead be subject to a $297 per container surcharge.

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    The Panama Canal Authority has recently confirmed further restrictions on the number of vessels that can transit the canal due to low water levels caused by lack of precipitation. These restrictions, combined with an earlier increase in the Canal Tariff, are directly impacting MSC's overall operations costs. As a result, effective December 15th, pricing for cargo from Asia to the Caribbean transiting the Panama Canal will no longer include the Panama Canal Surcharge and will instead be subject to a $297 per container surcharge.

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    2 views1 page

    MSC Customer Advisory - Panama Canal Surcharge - POD Region Carribean - Nov 2023

    Uploaded by

    Miguel Polanco Bastidas
    The Panama Canal Authority has recently confirmed further restrictions on the number of vessels that can transit the canal due to low water levels caused by lack of precipitation. These restrictions, combined with an earlier increase in the Canal Tariff, are directly impacting MSC's overall operations costs. As a result, effective December 15th, pricing for cargo from Asia to the Caribbean transiting the Panama Canal will no longer include the Panama Canal Surcharge and will instead be subject to a $297 per container surcharge.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    PANAMA CANAL SURCHARGE

    CARIBBEAN REGION
    MSC CUSTOMER ADVISORY

    Geneva, Switzerland, 27 November 2023

    Dear Customers,

    During Q2 2023, the Panama Canal Authority decided to reduce draft from 14.94 to 13.41. Despite several
    measures to conserve water taken over the last months, 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.

    These restrictions, combined with the increase of the Canal Tariff implemented earlier this year, are having a
    direct impact on overall MSC operations costs.

    As a result, pricing for cargo from ASIA to CARIBBEAN transiting the Panama Canal will no longer be inclusive of
    PANAMA CANAL SURCHARGE (PCS). Effective 15th December, pricing will be subject to a PCS of $297/Container.

    NB: Consistently, in Panama, this applies to POD Cristobal but not POD Rodman.

    We thank you for your understanding and patience and we will keep you updated with further developments.

    Please contact your local MSC representatives if you have any questions.

    MSC Mediterranean Shipping Company

    MSC MEDITERRANEAN SHIPPING COMPANY msc.com


    12-14 Chemin Rieu CH-1208 Geneva, Switzerland
    T: +41 22 703 8888 E: info@msc.com Page 1 of 1

    Sensitivity: Internal

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