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The Baltic Dry Index extended its gains, reaching 3,628 points in the week of September 4 after rising from 3,186 the week before. Panama Canal draft restrictions and tight vessel availability are pushing LPG and grain cargoes onto longer Cape of Good Hope routes.
Some US Gulf grain bound for China has bypassed both canals.
Longer routings absorb vessel capacity and raise freight costs for grain exporters, which supports ocean freight rates and lifts delivered prices for importers. The Panama restrictions are a key swing factor for the rest of 2026.
maritimenews.grMaritime News DeskSep 22, 2026Not 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.
