# Panama Canal Clogged With Ships, and Pandemic Is Making It Worse  | Financial Post

> 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.

- Date: 2020-10-30 · published 2020-10-30T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/50539-panama-canal-clogged-with-ships-and-pandemic-is-making-it-worse-financial-post
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher LNG charter costs and route disruptions weigh on US gas export economics and can push cargoes to alternative routes, supporting spot freight rates.

## Read by commodity

- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| NATGAS | 2020-10-30 | [Congestion Hits the Panama Canal and the Pandemic Isn't Helping](https://feedsoft.ai/events/50536-congestion-hits-the-panama-canal-and-the-pandemic-isn-t-helping.md) | -11.5% | -16.6% |
| NATGAS | 2020-11-07 | [Between 10 and 15 Days to Cross the Panama Canal Without a Reservation » Puente de Mando](https://feedsoft.ai/events/50039-between-10-and-15-days-to-cross-the-panama-canal-without-a-reservation-puente.md) | +4.7% | -13.6% |
| NATGAS | 2020-11-03 | [LNG tankers without reservations seeing longer waiting times at Panama Canal -](https://feedsoft.ai/events/50040-lng-tankers-without-reservations-seeing-longer-waiting-times-at-panama-canal.md) | -12.5% | -8.0% |
| NATGAS | 2026-06-24 | [Two Pressures, One Canal: Conservation Meets Geopolitics at Panama \| Engineering News-Record](https://feedsoft.ai/events/16849-two-pressures-one-canal-conservation-meets-geopolitics-at-panama-engineering.md) | +3.7% | -11.2% |
| NATGAS | 2022-09-27 | [Looming Feedstock Prices and Supply Constraints Pressurized the Methionine Prices in the U.S](https://feedsoft.ai/events/39911-looming-feedstock-prices-and-supply-constraints-pressurized-the-methionine.md) | -11.5% | -26.7% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/panama-canal-clogged-with-ships-and-pandemic-is-making-it-worse

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.