$5.3 million a new record for Panama Canal transit
A South Korean gas shipper sets a new auction record – but the total bill will be even higher. The post $5.3 million a new record for Panama Canal transit appeared first on FreightWaves .
Record-breaking $5.3 million toll set for Panama Canal transit. SK Gas Ltd. of South Korea secured the highest price ever for a canal crossing. The winning bid secured a northbound voyage for liquefied petroleum gas carrier G. Spirit. The premium reflects an urgent need to avoid lengthy delays during a tight shipping window.
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