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Bloomberg via Financial Post reports LNG carriers waited up to nine days to transit the Panama Canal, with unbooked vessels facing 10 to 15 day waits and booked ones 5 to 10 days. The delays have lifted spot charter rates and disrupted US-to-Asia LNG supply.
Higher LNG charter costs and route disruptions weigh on US gas export economics and can push cargoes to alternative routes, supporting spot freight rates.
financialpost.comBloomberg NewsOct 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.
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.
