Tolls charged for naval ships crossing the canal are based on the amount of water used and the type of ship, Mulino said.

The Suez Canal is a vital source of foreign exchange for the $380 billion Egyptian economy, whose currency slid to a record low in the past month.

Three Panamanian ex-presidents and Mexico’s new president, Claudia Sheinbaum, expressed solidarity with Mulino.

Trump accused Panama of charging "exorbitant" fees to transit the canal, while stating that he will not let the waterway fall into the "wrong hands." 

The FLOW program also now accounts for 75% of all U.S. container imports, as well as 80% of the country's container terminal capacity. 

The Port of Los Angeles will likely surpass 900,000 TEUs in December, and is on track to handle 10 million TEUs for the year for only the second time,

The Port of Portland has managed T6 itself since 2017, making it the only West Coast container terminal with a public operator.

ILA workers went on a short but crippling strike in October and, after securing a large wage increase, agreed to go back to work until January 15.

Some experts believe that the project would be a "death sentence tantamount to genocide" for the island's nomadic Shompen tribe.

The major ocean carriers have struggled for years to conduct business in Syria while complying with international sanctions.