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The Panama Canal Authority has set capacity at 33 daily transits since 15 October, including 10 Neopanamax slots used by VLGCs. The authority says autumn rainfall will determine whether transit limits tighten again from January to March 2027, with a severe El Niño possibly cutting daily transits to 27 or fewer.
Fewer canal transits would push US LPG cargoes onto longer routes and absorb more VLGC capacity, supporting spot and timecharter earnings. The feed-relevant impact is indirect, as shipping constraints and higher freight costs can affect grain and meal export logistics.
maritimefinance.euTheaNov 13, 2026Not 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.
