Today in Panama, yet another record deal was made.
According to Reuters, the Disney Magic, a 964-foot long cruise ship, paid $283,400 in order to cross the Panama Canal. This is in addition to three other container ships that paid over $300,000 each to cross the canal. The reasons for these prices? The canal has reserved and non-reserved slots that are scheduled for crossing. Non-reserved slots are sold at auction to the highest bidder. The bidders are mostly cruise ships, yachts, or transportation companies that are competing for the space and time.
If you’re interested in Panama or investing in Panama, visit us at www.panama-lane-for-sale.com. We are running specials this month on our land developments. Check our blog entry below for further details. Have questions? Fill out our form on www.panama-land-for-sale.com.
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