Cybersecurity

Tanker pays record $5.3 mn to transit Panama Canal: administrator

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A South Korean company, SK Gas, paid a record $5.3 million for priority passage through the Panama Canal ahead of El Niño-related restrictions, highlighting the critical impact of weather patterns on global shipping logistics. This development underscores the increasing financial burden and operational challenges faced by maritime companies navigating climate-induced disruptions in key trade routes.

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