23 Hrs
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الاقتصادية
Asian firm Breaks Panama Canal Record
An Asian shipping company made a record offer of $5.3 million to pass through the Panama Canal, reflecting increased demand for quick transit following global trade disruptions caused by the Iran war. This bid was part of an auction conducted by the Canal Authority after surpassing the previous record of $4.6 million. The rising demand is accompanied by increasing wait times that could reach up to 17 days, as the Authority imposes restrictions on transit schedules and cargo volumes due to expected drought conditions in the region. These factors have led to a significant rise in the cost of passing through the waterway.
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