Due to the Middle East war, the costs of transit through the Panama Canal increased
The war in the Middle East has caused a surge in demand for transporting vital goods through the Panama Canal.
Average number of transits
The average number of daily transits in the canal rose to 37 in March, with a peak of 40 on some days, according to the statement, compared to 34 in January.
The statement explained that this increase reflects changes in global trade patterns and geopolitical factors affecting the main routes.
Ships crossing the canal reserve their routes in advance, but ships that do not have a reservation must The wait is on average 5 days, but there is an auction through which last-minute transit trips can be purchased.
The Panama Canal Administration stated that the most recent auction included a bid of $4 million for a liquefied natural gas ship, and in recent weeks bids from two oil tankers exceeded $3 million.
6,288 ships passed
5% of global maritime trade passes through the Panama Canal, with the United States and China being the main users.
This corridor mainly connects the eastern coast of the United States with China, South Korea and Japan.
In the first half of fiscal year 2026, which extends from October to September, the canal recorded the passage of 6,288 ships, an annual increase of 3.7%, according to official figures.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
