$5.3 Million for a Transit: Record Price at Panama Canal Due to Drought

By with∅ut-me 28.08.2026 at 06:43 Uhr Companies & Markets Global Economy Climate Change
TL;DR AI-generated A South Korean company paid $5.3 million for a preferential transit through the Panama Canal, one hundred times the normal price. Extreme drought due to El Niño is forcing canal authorities to implement restrictions and drive up prices.

Source: euronews.com

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