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Panama Canal congestion has pushed charterers of US LNG cargoes to northeast Asia toward the Suez Canal. Transits via Suez rose sharply for December and January loadings, according to Vortexa data.
Rerouting of LNG tankers signals shipping bottlenecks and higher freight costs, supporting energy prices and marginally tightening freight capacity for bulk goods.
cfs.netJan 3, 2021After 54 past bullish logistics events, Natural Gas moved a median -1.8% over 5 sessions (43% higher; middle half -5.7% to +6.2%), and +5.1% 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.
