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The Panama Canal auctions more spots to jump the line amid a growing backlog of ships waiting to transit key waterway for commodities

Cargo ships wait at the entrance of the Panama Canal at Panama Bay off Panama City, on September 24, 2023. Luis Acosta/Getty Images The Panama Canal Authority…

The Panama Canal is so clogged up that a shipping company paid $4 million to jump the line: report

Shipping companies are bidding ever-higher amounts to get through the Panama Canal faster. A Japanese company paid a record $4 million on top of normal fees,

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