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Panama Canal crossing fees skyrocket as Hormuz chokehold tightens global shipping

1 min read
Source: AP News
Panama Canal crossing fees skyrocket as Hormuz chokehold tightens global shipping
Photo: AP News
TL;DR

With the Strait of Hormuz under a chokehold, some shippers are paying as much as $4 million to expedite Panama Canal crossings, underscoring how chokepoints are inflating global logistics costs.

Topics:nationbusiness#business#logistics#panama-canal#shipping-costs#strait-of-hormuz#supply-chain
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  1. Businesses dole out up to $4 million to cross Panama Canal during Strait of Hormuz chokehold  AP News
  2. Iran War Drives Some Ships to Pay $1 Million to Transit Panama Canal  WSJ
  3. Panama Canal says $1 million-plus auction slots reflect temporary surge in demand  Reuters
  4. Trump Vindicated? Iran Crisis Turning US Crude Into World's Safe Bet  NDTV
  5. Iran war drives Panama Canal lane prices to record high  Financial Times

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