With Hormuz largely shut and the Cape of Good Hope adding 14 days to voyages, the waterway has become the primary functioning maritime artery of the Western hemisphere — but its own management is not yet counting the money.
The revenues of the Panama Canal have increased up to 15% due to the disruption of the global trade caused by the war with Iran, and the Central American navigable route hopes to maintain part of the additional traffic even after the end of the conflict. Traders have turned to the channel after Tehran has strangled the traffic in the Strait of Ormuz, a vital maritime route for world oil supply. Financial director Victor Vial told the Financial T…