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Panama Canal transit facing costs spike due to weight restrictions ahead of super El Niño
CNBC Television· 2026-08-07 12:42
We're talking about the Pan Panama Canal where next week more weight restrictions go into effect to preserve water ahead of what some are calling a super El Nino. Now, this could prove especially disruptive this year given that traffic through the canal is up 12% according to BIM BIMCO amid disruptions in the Middle East. Now, it's especially true for fuel products.Diesel, gas, and jet cargos up 40%. LG transits up 74%. And the canal is now at over capacity, which has pushed auction prices for available tra ...