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The Panama Canal Authority is implementing a 'disruption charge' for vessels that cause disruptions to canal transit schedules, assessed case by case on delay duration and capped at a maximum. Industry reaction has been mixed, with some welcoming the incentive and others saying it penalises operators for events beyond their control.
Higher costs and possible delays for vessels transiting Panama can raise freight costs for grain and oilseed shipments from US Gulf and Pacific Northwest to Asia, modestly supporting US export basis discounts.
seatrade-maritime.comMichele LabrutMar 7, 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.
