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Panama Canal fees hit record high as El Niño and Iran war choke shipping
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NEWSDECK ANALYSIS
The Panama Canal is a vital waterway connecting the Atlantic and Pacific Oceans, allowing ships to pass through the Isthmus of Panama and saving time, fuel, and resources by avoiding the need to navigate around South America. As a result, any disruptions or changes to its operations can have significant impacts on global trade and shipping. The canal's fees are set by the Panama Canal Authority, which aims to balance the need to generate revenue with the need to keep the waterway competitive and attractive to shipping companies.
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FT UK
Panama Canal fees hit record high as El Niño and Iran war choke shipping
Falling water levels caused by weather phenomenon could limit transit slots through crucial maritime passageway
11 Aug, 21:07
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