# Panama Canal congestion worsens as LNG carriers crowd out dry bulk | S&P Global

> 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.

- Date: 2026-04-10 · published 2026-04-10T12:00:00.000Z
- Category: logistics · region Panama Canal · magnitude medium
- Page: https://feedsoft.ai/events/16865-panama-canal-congestion-worsens-as-lng-carriers-crowd-out-dry-bulk-s-and-p
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Dry bulk waits of several weeks reduce effective vessel supply and tighten grain freight markets, supporting higher ocean freight rates for grain exports.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- spglobal.com: https://www.spglobal.com/energy/en/news-research/latest-news/lng/041026-panama-canal-congestion-worsens-as-lng-carriers-crowd-out-dry-bulk

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