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Tanker Sets Record with $5.3M Panama Transit
A LNG carrier paid a record $5.3 million to transit the Panama Canal, due to increasing transportation demand and in anticipation of reduced maritime traffic caused by the El Niño phenomenon, which has led to significantly lower water levels in the canal as a result of severe drought. The canal is preparing to reduce the number of ships passing through from 36 to 32 vessels per day starting in September. Auction prices for transit have reached notable figures, approximately $55,000 between October 2025 and February 2026. Additionally, April saw a record payment of $4 million for a liquefied natural gas (LNG) vessel to pass through, driven by conflicts in the Middle East.
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