pull down to refresh

34 sats \ 6 replies \ @siggy47 OP 13h \ on: I'm Going Through The Panama Canal Today Travel Photography

$188,000 for the ship to cross. Apparently it's cheaper since we're not going through to the pacific. How many sats is that?

write
preview
38 sats \ 3 replies \ @Jon_Hodl 9h

Is that just because of the ships size? Or is it flat rate for ships of all sizes?

reply
58 sats \ 2 replies \ @siggy47 OP 8h

Apparently the price is set using all kinds of factors. Ship's size, weight, type of cargo, time of day, time of year. I think the record was like 4 million bucks for a Japanese ship that wanted to skip to the front of the line during covid. Kind of like paying a big transaction fee to get it done quickly 😀

reply
38 sats \ 1 reply \ @Jon_Hodl 8h

Interesting. Seems like a good incentive model for ships who need to get where they’re headed in a hurry.

reply
2 sats \ 0 replies \ @siggy47 OP 8h

Yes. The costs seem all over the map and they're tough to predict. The ship I am on estimated a price of close to half a million dollars. 188k is apparently a bargain.

reply
38 sats \ 1 reply \ @OT 13h

Does that money go to Panama or the US?

reply
2 sats \ 0 replies \ @siggy47 OP 10h

I'm not sure. Panama owns the canal, but I think various entities are involved in running it.

reply