Summary
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The Panama Canal Authority will tighten maximum transit draft to about 14.78 metres on August 15, following a July 24 reduction to 14.94m, forcing neopanamax boxships to light-load by several hundred TEU. CMA CGM and MSC have already raised North America tariffs, and forwarders expect Asia-US East Coast spot rates to test $10,000 per FEU while US West Coast quotes climb from roughly $6,229 toward $7,250.