The Panama Canal’s revenues have climbed as much as 15 per cent due to global trade disruption caused by the war with Iran, and the Central American waterway expects to keep some of the extra traffic even after the conflict ends.
Traders have sought out the canal after Tehran choked off traffic at the Strait of Hormuz, a vital shipping lane for global oil supplies.
Chief financial officer Victor Vial told the FT the Panama Canal had boosted daily transits by as much as 20 per cent since the conflict began in late February.
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