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Panamax bulk carrier rates are rising as grain volumes from South America's east coast increase and Panama Canal delays tighten vessel supply. Charterers are accepting higher rates.
Tighter Panamax supply raises the cost of moving South American grain and meal, which supports freight-driven export costs.
tradewindsnews.comMichael JulianoAug 30, 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.
