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Shippers are facing new and updated surcharges from ocean carriers due to water-level-related concerns at the Panama Canal.
MSC on Tuesday introduced a Panama Canal Surcharge of $100 per TEU, set to go into effect Aug. 19, due to operational constraints at the waterway. The surcharge applies to all cargo types for shipments between Southeast Asia, China, Korea and Japan to the U.S. East Coast and U.S. Gulf Coast.