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Businesses Pay Up to $4 Million for Panama Canal Slots Amid Strait of Hormuz Disruptionswinnipegfreepress.com
world47 days ago

Businesses Pay Up to $4 Million for Panama Canal Slots Amid Strait of Hormuz Disruptions

Shipping companies are paying premiums of up to $4 million to secure slots in the Panama Canal due to rerouting caused by tensions in the Strait of Hormuz. The Panama Canal Authority reported increased auction prices for non-reserved passages as vessels avoid the Middle Eastern r…

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