Based on the projected level of Gatun Lake and present historically low water level in Panama, the Panama Canal Authority has imposed strict restrictions on draft and the number of vessels crossing the canal. Despite several action taken by the Panama Canal Authority over the last few months, lack of precipitation is significantly impacting the water level of the Panama Canal. As a result, the number of vessels passing through the Neopanamax locks will be further reduced, leading to a substantial increase in carriers’ operational costs. 

In response to these challenges, several carriers have announced to collect the Panama Canal Charge for shipment loaded on vessel passing through Panama Canal. Please refer to below table for the summary but subject to change based on carrier’s latest announcement. If you have any question regarding the charge, please reach to your USPTI sales representative.