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Bloomberg reported that ships without reservations faced 10 to 15 day waits to cross the Panama Canal in late October. The canal has raised daily transits from 32 to 37, and spot rates for LNG carriers rose about 50% and for LPG carriers about 25% in October.
Congestion is tightening gas carrier capacity on the US Gulf to Asia route, which supports freight costs for energy shipments but has minimal direct impact on animal feed commodity prices.
puentedemando.comJuan Carlos Díaz LorenzoNov 7, 2020After 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.
