South Korean Shipper Shells Out $5.3M for Canal Passage

A South Korean gas shipper just splurged a whopping $5.3 million to cruise through the Panama Canal—now that's what we call a pricey shortcut! With demand for LNG soaring and drought causing water levels to drop, ships are in a mad dash for limited spots, turning this transit into a wild bidding frenzy. The canal's becoming the hottest ticket for energy transport, making shippers rethink their routes.