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Market Impact: 0.35

Panama Canal Congestion Drives Gas Tankers to Unusual Routes

Source: Bloomberg

Trade Policy & Supply ChainEnergy Markets & PricesTransportation & Logistics

Congestion at the Panama Canal is disrupting gas tanker routing, pushing some vessels into longer, unusual journeys (including a possible South America detour) and raising the prospect of shuttle-style movements through the canal. The development is likely to increase shipping time and logistics costs, which can add mild pressure to near-term delivered energy supply in affected routes.

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