Panama canal fees soar due to Iran war and El Niño as ship ‘pays $4m to jump queue’
Falling water levels linked to weather system are expected to limit number of slots to transit shipping lane Commercial ships travelling through the Panama canal are facing a rise in costs amid disruption triggered by the Iran war and falling water levels link
Falling water levels linked to weather system are expected to limit number of slots to transit shipping lane
Commercial ships travelling through the Panama canal are facing a rise in costs amid disruption triggered by the Iran war and falling water levels linked to this year’s intense El Niño weather system .
Highlighting the fragility of global trade, a container ship reportedly paid about $4m (£3m) to jump a queue of vessels waiting to pass through the vital maritime choke point.
Continue reading...
This summary was compiled from a public newswire feed. The original reporting is by The Guardian and remains their copyright — read it at the source.