Panama Canal Sees Record Traffic and Costs Amid Middle East Shipping Disruptions
Updated
Updated · Financial Times · Apr 22
Panama Canal Sees Record Traffic and Costs Amid Middle East Shipping Disruptions
53 articles · Updated · Financial Times · Apr 22
Traffic and costs at the Panama Canal have surged as Middle East conflict disrupts the Strait of Hormuz, shifting global shipping routes.
Auction prices for canal passage have reached record highs, with some vessels paying up to $4 million to bypass long waits.
Asian buyers are increasingly sourcing oil and gas from the US via the canal, intensifying congestion and highlighting the canal’s strategic importance.
A $4 million toll: Is the Panama Canal the new gatekeeper of global energy?
Beyond oil prices, how will the Hormuz blockade reshape global trade alliances?
With Hormuz closed, is the world on the brink of a historic energy crisis?
A top LNG exporter is offline. Who will fill the massive gap in global gas supply?
With two major sea lanes disrupted, are global supply chains permanently broken?
Piracy or policy? Who legally controls the world's most vital shipping lanes?