Loading…
Maersk reports that more than six months of Red Sea tensions have intensified ripple effects on shipping, with ships still diverted around the Cape of Good Hope. Suez transits have fallen 66% since diversions began, and port congestion, equipment shortages and delays persist while container demand remains strong.
Continued diversions and congestion keep ocean freight and transit times elevated, adding cost and timing risk to global feed ingredient and grain shipments.
maersk.comHelene HofmanJul 9, 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.
