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  "path": "/sourcing-journal/logistics/panama-canal-auction-reservation-booking-prices-strait-of-hormuz-iran-war-china-detain-vessels-economic-pressure-1238934239/",
  "publishedAt": "2026-04-29T19:50:06.000Z",
  "site": "https://wwd.com",
  "tags": [
    "Logistics",
    "Auction",
    "container shipping",
    "ocean freight",
    "panama canal",
    "Strait of Hormuz"
  ],
  "textContent": "Average auction prices to pass the canal have nearly tripled as carriers hedge against the Iran war, with one company paying $4 million to cross the canal.",
  "title": "Panama Canal Booking Prices Surge on Hormuz Instability"
}