An empty gas supertanker paid a staggering $4.6 million to skip the line at the Panama Canal next week as the Iran war and an intensifying El Niño upends global trade routes. The fee, paid via an auction process, will allow the liquefied petroleum gas tanker G. Arete to speed through to the Caribbean side of the canal from the Pacific Ocean, according to traders, brokers and a shipping report seen by Bloomberg. The figure exceeds the near-record $4 million paid earlier this week for a container ship to skip the line, as war-related congestion and falling water levels increase wait times. bloomberg.com/news/articles/…

An empty gas supertanker paid a staggering $4.6 million to skip the line at the Panama Canal next week as the Iran war and an intensifying El Niño upends global trade routes. The fee, paid via an auction process, will allow the liquefied petroleum gas tanker G. Arete to speed through to the Caribbean side of the canal from the Pacific Ocean, according to traders, brokers and a shipping report seen by Bloomberg. The figure exceeds the near-record $4 million paid earlier this week for a container ship to skip the line, as war-related congestion and falling water levels increase wait times. bloomberg.com/news/articles/…

Source:https://x.com/staunovo/status/2088289949086879871