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Record Bid for Canal Priority Passage | Pakistan News
A record-breaking $5.3 million bid just set the stage for a historic fast pass through the Panama Canal — as the SK Gas-owned tanker G. Spirit prepares to cross on September 1st, days before daily ship capacity is slashed due to El Niño-induced droughts. With water levels critically low and Panama in emergency mode, ships now face delays or pay premium prices to bypass the queue. While last-minute auctions typically fetch around $55,000, this unprecedented payment underscores how vital reliable transit routes are amid global trade disruptions — especially with Middle East tensions and the…
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