# Prices to expedite Panama Canal crossing skyrocket after Strait of Hormuz closure | AP News

> 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.

- Date: 2026-04-24 · published 2026-04-24T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16862-prices-to-expedite-panama-canal-crossing-skyrocket-after-strait-of-hormuz
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

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.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- apnews.com: https://apnews.com/article/panama-canal-trade-strait-of-hormuz-iran-war-middle-east-shipment-d6a2aa2a21f29bfdf313182e753e1c41

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.