How the Panama Canal transformed into an 80 km crossing that imposes a fee of up to $5 million.
Large cargo vessels have recently spent as much as $5 million to transit the Panama Canal, as the international maritime shipping sector grapples with trade interruptions stemming from the conflict between Iran and the US, as well as severe weather occurrences in the Western Hemisphere. Recent attempts to utilize the 80-kilometer inter-oceanic passage, which handles…