Panama Canal slot auctions top $5.3 million as Hormuz crisis disrupts shipping
AI Summary- Panama Canal auctions recorded sharply higher prices amid Hormuz and Bab el-Mandeb shipping disruptions.
- $5.3 million was reportedly paid for a Sept. 1 Panama Canal passage.
- Panama Canal traffic limits were set at 34 vessels from Sept. 4 and 32 from Sept. 15.