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Maersk's October 2023 North America update says conditions have been relatively stable, with low water levels expected at Montreal into Q1 2024 and fog season beginning in the Gulf in November. Savannah faces berth construction and channel restrictions, and Houston vessel waits are 0 to 5 days.
Terminal disruptions and low water at key gateways can delay container and bulk flows and add to inland logistics costs for US and Canadian exports. Current conditions are stable, so the near-term price effect is limited.
maersk.comMaerskOct 25, 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.
