The Rio Times
Key Points —The Panama Canal Authority confirmed that companies paid up to US$4 million in last-minute auction fees per transit in recent weeks — versus the standard flat rate of US$300,000 to US$400,000. —Auction premiums have risen from roughly US$135,000-US$250,000 earlier this year to US$385,000-US$425,000 most weeks, with peak payments of US$3 million-plus from oil […] The post Panama Canal: US$4M Per Slot as Hormuz Blockade Reroutes Trade appeared first on The Rio Times .
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