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Panama Canal Transit Auction Bids Exceed $1 Mln as Demand Surges

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Read more about Panama Canal transit auction bids exceed $1 mln as demand surges on Devdiscourse.

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(Mexico City = Yonhap News) Correspondent Song Gwang-ho = Due to droughts triggered by El Niño and changes in global supply chains, the price of ship transit rights in some Panama Canals has risen to $1 million...

·Seoul, Korea (the Republic of)
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The Panama Canal Authority, ACP, noted that high bid prices reflect temporary market fluctuations

·Bogota, Colombia
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The prices of auctions to secure transit spaces through the Panama Canal have exceeded $1 million in the face of increased demand and traffic restrictions linked to the availability of water.

·Mexico City, Mexico
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El Economista broke the news in Mexico City, Mexico on Tuesday, August 25, 2026.
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