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The Panama Canal Authority reported a 29% drop in vessel transits in fiscal 2024 after a record drought linked to El Niño. Administrator Ricaurte Vasquez says a new booking system is increasing cargo volumes and a dam decision is pending.
Canal capacity recovery eases U.S. Gulf to Asia shipping constraints and lowers rerouting costs for grain and LNG flows. Continued restrictions would keep freight elevated and favor alternative routes.
cnbc.comLori Ann LaRoccoNov 12, 2024Not enough comparable past events yet for a historical read.
After 93 past logistics events, Natural Gas moved a median -3.6% over 5 sessions (39% higher; middle half -10.7% to +4.7%), and -0.3% over 20.
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.
