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Bloomberg reports ships, including LNG and LPG carriers, face 10 to 15 day waits at the Panama Canal for vessels without booked slots, attributed to pandemic staffing cuts and traffic. The Panama Canal Authority says delays affect only unreserved arrivals and cites seasonal fog and added COVID procedures.
Longer transit waits raise LNG charter rates and may push US Gulf cargoes toward alternative routes, which tightens shipping availability and adds freight cost on US-Asia trade lanes.
gcaptain.comBloombergOct 30, 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.
Not 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.
