Strait of Hormuz blockade drives up costs at Panama Canal

The war in the Middle East has boosted demand to move vital cargo through the Panama Canal to such an extent that one vessel carrying liquefied natural gas (LNG) paid $4 million to skip the line and avoid a wait that can take up to five days, according to an official report. A surge in […] The post Strait of Hormuz blockade drives up costs at Panama Canal appeared first on Digital Journal.