Panama Canal Transit Prices Soar Amid Hormuz Closure and Low Water Levels

With the Strait of Hormuz effectively closed and lower water levels, transit prices through the Panama Canal have dramatically increased, with some companies paying over $1 million.

14 Aug, 21:22 — 14 Aug, 21:22

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NPRHigh10d ago

Why some companies are paying more than $1 million to get through the Panama Canal

With the Strait of Hormuz effectively closed, pressure on the Panama Canal has increased. And combined with lower water levels, transit prices through the canal are soaring.

By Rob Schmitz

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Panama Canal Transit Prices Soar Amid Hormuz Closure and Low Water Levels

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Why some companies are paying more than $1 million to get through the Panama Canal

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