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Panama Canal Auctions Hit Record Prices | Costa Rica News
A ship just paid $5.3 million to rush through the Panama Canal—just as daily ship limits are being slashed due to a severe drought fueled by El Niño. With slots dropping from 36 to 34 ships by September 3rd, then to 32 just 12 days later, competition is fierce. Over 120 vessels are already queued, some forced into bidding wars to avoid costly delays. This critical waterway, handling 5% of global shipping, is vital for connecting U.S. East Coast ports with Asia—and disruptions here ripple across global supply chains. Listen in comfort:Get a discount on a Soli Pillow…
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