canal
Panama Canal Faces Unprecedented Congestion as Iran War Triggers Record $4 Million Auction Bid for Expedited Transit
The vital Panama Canal, a linchpin of global maritime trade, is currently grappling with severe congestion, leading to delays of approximately three-and-a-half days for tankers and cargo ships awaiting passage. This significant bottleneck has been exacerbated by the ripple effects of the escalating regional conflict linked to Iran, which has reportedly caused a near-shutdown of […]