Loading…
Drought restrictions at the Panama Canal and rising attack risk in the Gulf of Aden are expected to add time and cost to many multipurpose and heavy-lift voyages in the near term. The article covers the outlook for breakbulk carriers.
It notes the combined effect of the two chokepoints on voyage planning.
Added time and cost on Panama and Red Sea routes raise freight expenses for feed ingredients shipped on multipurpose and breakbulk vessels, though the effect on grain bulk is less direct.
joc.comJanet Nodar, Senior Editor, Breakbulk, Heavy Lift }Dec 13, 2023Not 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.
