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Marsh published a paper arguing that climate risks could impair key shipping lanes such as the Suez and Panama Canals. The paper uses the Suez Canal as a case study, citing coastal inundation and extreme heat as threats to ports and operations.
It warns of implications for food security and supply chains.
The long-term risk to major waterways could raise freight costs and delivery risk for grain and feed ingredients. The paper is a long-run risk assessment with no immediate price impact.
marsh.com11/11/2022Nov 11, 2022Not 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.
