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The Economic Times
The Economic Times

Ship pays $4 million to skip line to cross Panama Canal

A container ship paid $4 million to cut the line at the Panama Canal, where wait times are stretching more than a week, as vessels seek alternative routes because of the Iran war.

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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