Jackie Northam
👤 SpeakerAppearances Over Time
Podcast Appearances
The Panama Canal Authority says daily transits have increased more than 10 percent over the past two months, but the biggest change has been the types of vessels using the canal.
The number of container ships has dipped slightly, while the number of tankers carrying oil and liquefied natural gas has jumped 29 percent as they search for other options beyond the Strait of Hormuz.
They are last-minute reservations and have to use an auction system.
In April, fees averaged $380,000, nearly six times higher than before the start of the Iran war.
The Panama Canal Authority says some vessels are paying more than a million dollars to cross.
The Panama Canal Authority says daily transits have increased more than 10% over the past two months, but the biggest change has been the types of vessels using the canal.
The number of container ships has dipped slightly, while the number of tankers carrying oil and liquefied natural gas has jumped 29% as they search for other options beyond the Strait of Hormuz.
They are last-minute reservations and have to use an auction system.
In April, fees averaged $380,000, nearly six times higher than before the start of the Iran War.
The Panama Canal Authority says some vessels are paying more than a million dollars to cross.
In a press release, the Canal Authority said amid all the geopolitical complexities, the canal remains an open and reliable option for vessels.
The Panama Canal Authority says daily transits have increased more than 10% over the past two months.
But the biggest change has been the types of vessels using the canal.
The number of container ships has dipped slightly, while the number of tankers carrying oil and liquefied natural gas has jumped 29% as they search for other options beyond the Strait of Hormuz.
They are last-minute reservations and have to use an auction system.
In April, fees averaged $380,000, nearly six times higher than before the start of the Iran War.
The Panama Canal Authority says some vessels are paying more than a million dollars to cross.
In a press release, the Canal Authority said amid all the geopolitical complexities, the canal remains an open and reliable option for vessels.