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Market
September 10, 2021

Southern Louisiana Struggles to Get Back to Normal

Reid I'Anson
Senior Commodity Analyst

The situation in Southern Louisiana continues to show slow improvements following Hurricane Ida, which made landfall just under two weeks ago.

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Market
March 24, 2021

Suez Canal blockage continues, delaying more than 20 liquid/gas tankers

Alex Booth
Head of Research

Overnight on Tuesday, the container Ship Ever Given ran aground in a southern part of the Suez Canal, a rare event in the history of the waterway. The potential for a rapid build-up of liquid and gas tankers in the region is marked with multiple laden vessels now indicating delays for Suez transit. As of Wednesday morning there were seven vessels carrying crude, 15 carrying refined products, five LNG vessels and two LPG carriers either sat waiting or approaching the canal. While attempts to clear the ship from the canal continue, this queue will continue to build. A salvage squad from the Netherlands will attempt to dislodge the ship beginning Thursday.

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