Panama Canal cuts transits to 32 daily as 55% of Neopanamax capacity hit
Tightening Panama Canal draught limits and fewer daily transits threaten roughly 55% of nominal Neopanamax TEU capacity, with CMA CGM deferring its $150/TEU Low Water Surcharge to 1 October. Supply chain teams moving cargo off South America's west coast face higher costs and reduced effective capacity heading into peak season.
Source: gCaptain · The Loadstar