Companies are paying millions to cross Panama Canal during Strait of Hormuz chokehold
Businesses have doled out as much as $4 million for last-minute plans to move boats through the Panama Canal in recent weeks, the Panama Canal Authority says, as Iran war's effective closure of the Strait of Hormuz generates a seismic shift in global trade flows.
ORIGINAL SOURCE →via PBS NewsHour
ADVERTISEMENT
⚡ STAY AHEAD
Events like this, convergence-verified across 689 sources, land in your inbox every Sunday. Free.
GET THE SUNDAY BRIEFING →RELATED · PA
- [FINANCE] Hormuz blockade drives Panama Canal fees up to $4m
- [CONFLICT] Panama Canal Pushes Back on ‘Line Jumping’ Claims as Auction Slot Prices Surge
- [CONFLICT] Panama Canal surge pricing: up to $4 million paid out with Strait of Hormuz still closed
- [CONFLICT] Panama Canal auction slots more than double in price
- [CONFLICT] Panama Kanalı: Çatışmalar sonrası ücretler 2,5 kat arttı
- [FINANCE] Panama Canal pricing surge is starting to reflect a deeper shift in global trade flows