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A Proceedings year-in-review describes 2024 shipping disruption from Houthi Red Sea attacks, the Ukraine war, South China Sea tensions and returned Somali piracy. Container ships rerouted around southern Africa, and Panama Canal climate limits coincided with record operator profits.
Persistent routing diversions and capacity tightness keep freight structurally higher, which feeds into delivered costs for imported feed commodities.
usni.orgShashi KumarMar 1, 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.
