Panama Canal Surcharge
The Panama Canal Surcharge, or PCS, is a freight surcharge that container lines levy on trades routed through the Panama Canal to pass increased transit costs or capacity risks – for instance during low water and reduced draft limits – on to shippers.
Source: https://www.msc.com/en/newsroom/customer-advisories/2026/july/pcs-trade-asia-to-usec-and-us-gulf-coast
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