Ship pays ₹38 crore to cross Panama Canal as Iran war causes week-long delays: Report

A container ship paid $4 million (₹38 crore) to cross Panama Canal amid wait times exceeding a week, Bloomberg reported. Transit slots are averaging $1.1 million this month, over 16 times last year's price for the same period, according to the FT. The surge comes as ships seek alternative routes amid Strait of Hormuz disruption caused by the US-Iran war.