Gas tanker pays 5.3 million for Panama passage

LPG tanker "G Spirit" paid a record amount of $5.3 million to transit the Panama Canal before the implementation of restrictions related to the El Niño phenomenon, in order to secure priority passage. This move came ahead of the decrease in the daily number of transits from 36 to 34 ships, with a further expected reduction to 32 to address water shortages caused by severe drought and the impact of El Niño, which reduces levels in artificial lakes and affects water levels in the canal. The canal remains a vital hub connecting global trade, and its authorities continue to implement measures to ensure smooth operation amid challenging climatic conditions.

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