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UNCTAD's Review of Maritime Transport reports Asian economies retain top positions in the Liner Shipping Connectivity Index, with China first, followed by Korea and Singapore. China, Japan and Korea account for about 95% of global shipbuilding output.
The release notes Red Sea conflict has disrupted Suez transit and congested ports elsewhere in Asia.
Persistent Red Sea rerouting and port congestion raise freight costs and transit times for grain and meal cargoes into Asian importers, supporting delivered feed prices even as connectivity strengthens.
unctad.orgOct 22, 2024Not 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.
