Ricaurte Vásquez, the Administrator of the Panama Canal Authority (ACP), said Thursday that the ongoing conflict in the Middle East has led to a surge in traffic through the Panama Canal.
The Panamanian newspaper La Prensa reported that traffic through the Panama Canal has increased over the past weeks to the point that on some days it has reached its maximum operational number of crossings allowed of 40 vessels per day.
Referring to the situation surrounding the Gas Virgo and the $4 million payment it issued to secure an urgent transit spot through the Panama Canal, Vásquez said that the vessel urgently paid such a high amount because it…
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