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Euronews
Euronews
Greta Ruffino

Tanker pays record $5.3m to transit Panama Canal amid El Niño drought

A tanker carrying liquefied petroleum gas paid a record $5.3 million (€4.5 million) for priority passage through the Panama Canal ahead of El Niño-related restrictions, the waterway's deputy administrator told AFP on Thursday.

South Korean company SK Gas paid the record sum for the G. Spirit to transit the canal on 1 September, two days before authorities are due to reduce the number of daily transits due to the El Niño weather phenomenon, Bloomberg reported.

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