THE PANAMA CANAL AUTHORITY SAYS SOME VESSELS HAVE PAID MORE THAN $1 MLN AT AUCTION TO SECURE TRANSIT SLOTS, REFLECTING SPECIFIC MARKET NEEDS AND THE VALUE OF AVOIDING DELAYS, WITH AUCTION PRICES INCREASING AS GLOBAL TRADE SUPPLY AND DEMAND PATTERNS SHIFT AND CREATE GREATER COMPETITION FOR AVAILABLE CANAL CAPACITY.

THE PANAMA CANAL AUTHORITY SAYS SOME VESSELS HAVE PAID MORE THAN $1 MLN AT AUCTION TO SECURE TRANSIT SLOTS, REFLECTING SPECIFIC MARKET NEEDS AND THE VALUE OF AVOIDING DELAYS, WITH AUCTION PRICES INCREASING AS GLOBAL TRADE SUPPLY AND DEMAND PATTERNS SHIFT AND CREATE GREATER COMPETITION FOR AVAILABLE CANAL CAPACITY.

Source:https://x.com/FirstSquawk/status/2092356941825835338