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A Marsh paper, built with physical climate risk modelling from XDI, warns that rising sea levels, coastal inundation and extreme weather could impair major shipping lanes such as the Suez and Panama Canals. The paper uses the Suez Canal as its main case study and outlines resilience measures.
The paper is a long-term risk assessment rather than a near-term supply shock, so it has little immediate effect on feed commodity prices, though it highlights future freight-route vulnerability.
xprimm.comApr 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.
