King Ocean Implements New Panama Crossing Surcharge for Ecuador and Peru Shipments
What Happened?
King Ocean will introduce a new Panama Crossing Surcharge for cargo moving between Ecuador and Peru, effective October 14, 2026. This surcharge replaces the existing Panama Canal Freshwater Surcharge and will increase shipping costs for both southbound and northbound movements due to higher canal transit expenses. Shippers on these routes should anticipate a significant rate hike.
KEY HIGHLIGHTS
Published date
September 22, 2026
Effective from
October 14, 2026
Carrier
KOGL
Advisory category
surcharge
Affected Trade lanes
North America -> South America, South America -> North America, Caribbean -> South America, South America -> Caribbean
Who is Affected?
Shippers, freight forwarders, and BCOs utilizing King Ocean's services for cargo movements between Ecuador and Peru, particularly those transiting the Panama Canal, will be directly impacted.
Source:
NewsSet surcharge alert
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