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Panama Canal tolls hit a record high, with the average daily auction price for common locks reaching US$1.1 million in August, due to the dual impact of El Niño and the closure of the Strait of Hormuz.
According to the Financial Times, Panama Canal tolls are reaching historic highs, driven by low water levels caused by El Niño and a surge in energy transportation demand triggered by the closure of t
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Panama Canal tolls hit a record high, with the average daily auction price for common locks reaching US$1.1 million in August, due to the dual impact of El Niño and the closure of the Strait of Hormuz.
According to the Financial Times, Panama Canal tolls are reaching historic highs, driven by low water levels caused by El Niño and a surge in energy transportation demand triggered by the closure of t
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Energy Transportation
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