BUSINESSTHE RIO TIMES
A War Far Away Is Making the Panama Canal Richer Than Expected
The Panama Canal is expected to exceed its $5.2 billion annual revenue forecast due to increased ship traffic rerouted from the closed Strait of Hormuz. Daily crossings peaked at 40-41 ships, up from the usual 34.
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Adjacent reporting
- Oil tanker CEO sees Hormuz ship traffic quickly increasing if U.S. and Iran reach a deal
- Recovery of ship traffic in Hormuz limited, but signs emerge
- Trump says 34 ships passed through Strait of Hormuz on Sunday
- Stranded ships have begun transiting the Strait of Hormuz, maritime data company says
- Hormuz closure strands almost 1,200 cargo ships with $125bn worth of goods