Ship Pays Record Amount to Cross Panama Canal Amid Drought Restrictions : The Tico Times | Costa Rica News
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4 Articles
Ship Pays Record Amount to Cross Panama Canal Amid Drought Restrictions : The Tico Times | Costa Rica News
A ship paid a record $5.3 million to cross the Panama Canal sooner, just days before a reduction in vessel traffic takes effect due to drought caused by the El Niño weather phenomenon. The canal, which handles 5% of global maritime trade, will reduce the number of ships allowed to pass through each day from 36 to 34 beginning September 3. Twelve days later, the daily limit will fall to 32 to conserve the fresh water needed for operations. The in…
The 'Panama Canal risk' is growing as transit fees for the Panama Canal, one of the major gateways for global maritime logistics, recently hit an all-time high.
A South Korean shipping company paid $5.3 million in auction to obtain a quota and high demand presses prices
Panama Canal introduces Temporary Booking System Adjustments to Increase Flexibility and Equitable Slot Access
Panama Canal Panama City, Panama, August 28, 2026 – The Panama Canal announced temporary modifications to its Transit Reservation (Booking) System for Neopanamax vessels aimed at providing customers with greater flexibility, improving the distribution of available capacity across market segments, and encouraging the efficient use of water resources. The adjustments reflect the Panama Canal’s continued commitment...
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