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Largest ships on Asia to US East Coast Panama Canal loops face new draught restrictions at the neopanamax locks. Vessels must transit with significantly reduced load factors.
Transpac freight rates are rising as carriers adjust.
Fewer containers per transit cut effective capacity on the lane, which pushes ocean freight rates up for grain and feed exporters shipping to the US East Coast.
theloadstar.comMike WackettJun 8, 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.
