Ship Pays Record $5.3 Million to Cross Panama Canal Amid Drought Restrictions

A vessel paid a historic premium to transit the canal ahead of scheduled traffic reductions caused by El Niño-driven drought conditions affecting global maritime trade.

29 Aug, 17:00 — 29 Aug, 17:00

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tico-timesMixed2d ago

Ship Pays Record Amount to Cross Panama Canal Amid Drought Restrictions

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 […] The post Ship Pays Record Amount to Cross Panama Canal Amid Drought Restrictions appeared first on The Tico Times | Costa Rica News | Travel | Real Estate.

By AFP

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Ship Pays Record $5.3 Million to Cross Panama Canal Amid Drought Restrictions

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Ship Pays Record Amount to Cross Panama Canal Amid Drought Restrictions

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