The Panama Canal Authority has introduced a new booking reservation system – the Long-Term Slot Allocation (LoTSA) - to regulate canal crossing reservations. This system, effective from January 1, 2025, has led to a significant increase in CMA CGM operational costs.
To recover this extra cost, CMA CGM will implement a Panama Canal Transit surcharge from January 2nd, 2025, on the following trades
Effective January 2nd, 2025
- From: Far East (including China and Hong Kong & Macau SAR, North East Asia & South East Asia) except Taiwan
- Via: Panama Canal
- To: US East Coast & US Gulf
- Lines concerned: Chesapeake Bay Express (CBX), Gulf of Mexico Express (GMXP), Manhattan Bridge (MANB), Pacific Express 3 (PEX3), South Atlantic Express (SAX), Taiwan Strait (TWS), Vespucci Service (VESPUCCI) & Pacific Express 2 (PEX2)
- Cargo: all
- Amount: USD 40 per TEU
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