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The Panama Canal reported southbound delays reaching twelve days for LNG, Neopanamax and non-booked Panamax Super vessels, affecting 116 vessels as of July 26, 2021. The notice also lists draft restrictions for Panamax and Neopanamax vessels tied to Gatun Lake water levels.
Canal backlogs and draft limits raise freight costs and transit times for grain and oilseed cargoes moving through Panama, adding to the cost of delivered feed ingredients in Latin America and Asia.
masoceans.comMartaxelle ErussardJul 27, 2021Not 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.
