According to people familiar with the matter, an Asian shipper agreed to pay 5.3 million US dollars to facilitate the passage through the Panama Canal on September 1. The fee was determined through an auction organized by the canal administration, breaking the previous record high of $4.6 million. The war in Iran disrupted global trade routes, particularly to Asia. Since then, demand for the Panama Canal has surged, and unreserved ships have waited 17 days at the canal.

According to people familiar with the matter, an Asian shipper agreed to pay 5.3 million US dollars to facilitate the passage through the Panama Canal on September 1. The fee was determined through an auction organized by the canal administration, breaking the previous record high of $4.6 million. The war in Iran disrupted global trade routes, particularly to Asia. Since then, demand for the Panama Canal has surged, and unreserved ships have waited 17 days at the canal.