Panama Canal Fees Hit $4 Million as Hormuz Tensions Reroute Trade

Shipping companies have paid as much as $4 million in last-minute auction fees to send vessels through the Panama Canal, the Panama Canal Authority confirmed this week, as the effective closure of the Strait of Hormuz amid the U.S.-Iran conflict forces global trade to shift routes. The surge comes on top of standard transit fees […] The post Panama Canal Fees Hit $4 Million as Hormuz Tensions Reroute Trade appeared first on The Tico Times | Costa Rica News | Travel | Real Estate.