CANAL CONGESTION

Apr 17 2026BUSINESS

Shipping Costs Soar as Panama Canal Faces Rush to Avoid Middle East Trade Disruptions

The Panama Canal recently faced a surprising case where a ship paid $4 million to skip the line. But officials insist this wasn’t a fixed fee—it was just a one-time auction price driven by temporary market chaos. Why? Because wars in the Middle East are changing global trade routes, pushing more shi

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