Financial Ports

The Panama Canal Now Costs More Than the Cargo On Board

CLAVE 1 / 4The most expensive ship in the Panama Canal queue this month was carrying absolutely nothing.

CLAVE 2 / 4Auction prices in August ran more than sixteen times higher than the same period a year earlier.

CLAVE 3 / 4The Panama Canal Authority calls it a temporary market fluctuation. The queue calls it a nine day wait.

CLAVE 4 / 4When you cut the draft, you cut the cargo. When you cut the cargo, someone invents a surcharge.

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