How one strait's closure made Panama the world's most expensive waterway
Source: Container NewsPublished: April 26, 20260 views
Iran's closure of the Strait of Hormuz led to a surge in tolls for the Panama Canal. A vessel operator in Singapore made a booking through the Panama Canal's reservation system costing $4 million. This incident has made Panama the world's most expensive waterway.
Panama CanalStrait of Hormuzshipping costs