Panama Canal fees hit record high as El Niño and Iran war choke shipping

🌐 Financial Times (PA) —

AI Summary

Panama Canal fees have reached a record high due to fallen water levels caused by El Niño and disruptions linked to the Iran war, severely limiting transit slots through this essential maritime route. These developments impact global shipping and trade flows.

Falling water levels caused by weather phenomenon could limit transit slots through crucial maritime passageway

World Politics Commodities Shipping Panama Canal El Niño Iran war shipping fees maritime transit water levels global trade

Read original source →