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Panama Canal congestion intensified in early April as LNG carriers took up eastbound slots. Only three LNG carriers transited in the first part of the month despite 13 being scheduled, and unbooked dry bulk vessels face waits of 18 to 30 days.
Auction prices have reached $700,000 to $800,000.
Dry bulk waits of several weeks reduce effective vessel supply and tighten grain freight markets, supporting higher ocean freight rates for grain exports.
spglobal.comCresida Rodrigues, Sabiha MakdaApr 10, 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.
