SK Gas pays record US$5.3 million for Panama Canal transit slot

SK Gas Ltd secured a priority transit slot through the Panama Canal via auction for a record US$5.3 million, surpassing the previous high of US$4.6 million set earlier this month. This escalation in transit costs reflects persistent capacity constraints and high demand for expedited passage through the waterway. The trend indicates increasing supply chain costs for shippers prioritizing time-sensitive transit.