Record Panama Canal auction fee paid as traffic limits tighten
A liquefied petroleum gas carrier has paid a record $5.3 million to secure an earlier transit through the Panama Canal, according to the canal administration. The payment was made as the waterway prepares to reduce the number of authorised daily crossings in response to falling reservoir levels. The move highlights the pressure on one of the world's most important shipping routes just as restrictions are set to tighten.Ilya Espino de Marotta, the canal administrator, said the fee was the highest ever paid in an auction for passage through the canal. She confirmed that a ship had paid $5.3 million to... [Continue Reading]
360LiveNews | 28 Aug 2026 11:00 LONDON
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