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An OOCL containership involved in a near-miss while under tow in the Panama Canal may face the new disruption charge, which can reach $250,000 for the largest neopanamax vessels. The ACP said no one was hurt, and a separate Suez Canal breakdown caused some vessel diversions over the same weekend.
Canal incidents and new penalties can cause transit delays and schedule disruption for bulk and container cargo, adding freight cost risk for feed grain and meal shipments.
theloadstar.comAlex LennaneMar 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.
