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MSC, CMA CGM Implement Panama Canal Surcharges Amid Water Level Pressures

MSC and CMA CGM have introduced new surcharges on shipments transiting the Panama Canal, citing operational challenges from reduced water levels at the critical waterway. The Panama Canal Authority announced incoming transit restrictions as the region braces for severe El Niño weather conditions predicted to intensify this year. Canal administrator Ricaurte Vásquez confirmed elevated probability of a severe El Niño event. The restrictions will limit vessel movements through the canal, one of global shipping's most vital chokepoints. The surcharges offset increased operational costs from constrained capacity and mandatory sailing adjustments. Shippers routing cargo through Central America face higher transportation expenses as the canal implements measures to preserve water reserves during the weather phenomenon.