Panama Canal Auction Prices Surge to Record Levels Amid Supply Constraints
Daily auction prices for the Panama Canal have surged, with average slot costs hitting $1.1 million in August 2026. Severe drought conditions driven by El Niño and escalating Middle East conflicts have squeezed maritime trade routes, forcing shipping lines to pay millions to bypass growing queues. Auction Prices Surge Past One Million Dollars Amid Regional … Read more