Panama Canal in the news

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Panama Canal slot auctions hit record $4m - Splash247

According to multiple reports citing Panama Canal Authority officials and shipbrokers, a recent neopanamax auction slot fetched $4m – surpassing levels last seen during the severe Panama drought disruption of late 2023.
The Panama Canal Authority has insisted the soaring prices do not reflect congestion or official price hikes, but rather market-driven urgency among operators desperate to avoid delays.