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Marcon International's latest tank barge market report says inflation is pushing up costs across the commercial marine sector, with US newbuilding costs up roughly 40-50% from November 2021 to March 2022. Shipbroker commentary notes that oil prices have risen since the Russian invasion of Ukraine.
Higher vessel and operating costs in US petroleum barging feed into freight rates for liquid cargoes, with limited direct effect on feed ingredient prices.
dredgewire.comLisa ParkerMay 30, 2022After 131 past bullish report events, Crude Oil (WTI) moved a median +1.2% over 5 sessions (60% higher; middle half -1.3% to +3.4%), and +2.9% over 20.
Not 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.
