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The Ocean Shipping Reform Act of 2022 became law on June 16, expanding FMC authority over detention and demurrage and barring carriers from unreasonably refusing cargo space. USDA also announced port partnerships with Tacoma and Seattle to store agricultural and reefer containers to ease export congestion.
Better container availability and fewer rolled bookings should improve US agricultural export flows, supporting export demand and easing ocean freight pressure.
doi.orgJun 23, 2022Not 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.
