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المشهد العربي
Panama Canal transit auctions hit record revenue
The costs of passing through the Panama Canal have increased significantly, with ships in recent auctions recording amounts exceeding one million dollars per vessel. This surge is due to temporary fluctuations in global trade activity, rather than changes in the official toll rates for the passage. The authority plans to regulate the number of ships passing through, starting with 34 ships daily in September, then reducing it to 32, although capacity can reach up to 40 ships per day. Until June, the average number of ships passing was 35 per day. The recent surge in demand has caused the average auction prices to triple their previous average of $55,000. Moreover, ongoing challenges related to the El Niño phenomenon continue to impact operational strategies.
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