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SK Gas Pays Record $5.3M for Panama Canal Slot

8/26/2026

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Story summary
  • SK Gas Ltd paid a record US$5.3 million for a Panama Canal slot.
  • The slot guarantees northbound transit for LPG tanker G. Spirit on September 1.
  • The US$5.3 million bid exceeds the earlier US$4.6 million record set this month.
  • Demand for canal passages rose after the Iran war disrupted Asian trade routes.
  • Argus Media reports vessels without reservations can wait up to 11 days.