Starbucks, Constellation Brands may face CMA CGM’s Oakland surcharge — Panjiva
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Starbucks, Constellation Brands may face CMA CGM’s Oakland surcharge

Ags - Softs 129 Brazil 379 Chile 96 Colombia 70 Consumer Staples 738 Corp - Ports 860 Corp - Shipping 941 Latin America 10 Mexico 845 Mode - Containerized 1429 Theme - Rates 219 U.S. 5234

CMA CGM has imposed a Port Congestion Surcharge of $250 per container for shipments into the Port of Oakland, California from ports in Central and South America. Congestion has built up in part because of diverted services by CMA CGM and others to Oakland from Los Angeles. The timing of the surcharge would suggest CMA CGM expects congestion to continue well into Q3’21. There are already signs of disruptions affecting shipping. Imports to Oakland from Latin America handled by CMA CGM were just 23 TEUs in May after an 83.4% drop versus the prior three-months’ average. The increased shippin...

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