Shipping companies pay to jump the queue at clogged-up Panama Canal

Capt. John

SHIPPING companies are bidding ever-higher amounts to get through the Panama Canal faster with a Japanese company paying a record US$4 million on top of normal fees, Bloomberg reported. A shipping company paid a record $3.975 million to jump the line at the Panama Canal as the crucial waterway struggles through an ongoing drought, according to Bloomberg. Documents seen by the outlet show that Japan’s Eneos Group made what amounts to the world’s largest-ever bid in an auction to expedite passage...

https://www.seanews.com.tr/shipping-companies-pay-to-jump-the-queue-at-clogged-up-panama-canal/198841/

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