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Panama Canal Authority is considering a new pricing structure with a variable fee for LNG transits during winter, plus possible extra fees for non-compliant ships during peak energy demand. The canal is seeking closer contact with market participants to ease congestion that diverted some LNG tankers around the Cape of Good Hope.
Canal toll changes and congestion mainly affect LNG routing and energy shipping costs, with limited direct impact on feed commodity freight.
spglobal.comHarry Weber, Alkis MouratisDec 23, 2021After 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.
