NDTV·2 min read·medium
Container Ship Pays $4 Million To Skip Panama Canal Queue Amid Iran War
✦AI Summary
The owner of the container ship Seaspan Benefactor paid a near-record $4 million to bypass the queue at the Panama Canal. This move comes as global shipping lanes face increased pressure due to ongoing geopolitical tensions in the Middle East.
The near-record high auction figure was paid by the owner of the vessel, the Seaspan Benefactor, according to people familiar with the matter who could not be identified because the auction data is private.
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