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Carriers have added surcharges since June 1 and are considering rate increases on transpacific Panama Canal loops. Restrictions at the neo-Panamax locks force vessels to sail with lower load factors, and some carriers may route via Suez instead.
Reduced vessel loads and possible Suez rerouting raise transpacific container rates and reduce capacity for US exports. The effect on grain freight is an added cost for Asia-bound shipments.
nam.orgShareq RashidJun 21, 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.
