Loading…
Shipping rates are expected to fall once the Suez Canal route reopens to traffic diverted around the Cape of Good Hope. Container rates are already declining as shippers' rush ahead of US tariffs fades.
Reopening would free up vessel capacity.
Reopening the Red Sea route would release vessel capacity and cut ocean freight costs for bulk and container cargo. Lower freight supports landed feed ingredient prices and reduces the cost of importing feed.
freightnews.co.zaEd RichardsonJun 4, 2025Not 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.
