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The price to expedite a Panama Canal crossing has surged after the Strait of Hormuz closure. Average fees now range from $300,000 to $400,000 depending on the vessel, and the extra cost for an earlier slot has risen to about $425,000.
Grain, car parts and electronics shipped from China to Europe are among the cargoes affected.
Higher canal queue costs raise the effective freight cost of grain moving between Asia and Europe, which supports ocean freight rates and narrows the price competitiveness of some origins.
apnews.comAlma Solís, Megan JanetskyApr 24, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
