Financial Ports

Panama Canal’s $5.3M Slot Auction: How LPG Traders Are Burning Cash

CLAVE 1 / 4$5.3M paid by SK Gas for a September 1 transit slot—smashing its own $4.6M record set earlier in August.

CLAVE 2 / 4Without the auction win, the vessel would face an 11-day delay due to canal congestion.

CLAVE 3 / 4Target destination: Enterprise terminal on the Houston Ship Channel, a critical LPG export hub for Asia.

CLAVE 4 / 4Double squeeze: Hormuz conflicts + El Niño drought.

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