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The Suez Canal Authority raised transit tolls by 5%, 7% or 10% depending on vessel type, effective March 1, 2022, on top of a 6% increase announced in November. Xeneta's analyst said a large container ship's one-way transit cost rises from about $625,000 to $675,000.
Higher canal tolls raise the cost of shipping grain and oilseeds between Europe, Asia and the Americas, which supports ocean freight rates and can widen the spread between US and Black Sea origins.
universalcargo.comJared VineyardMar 2, 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.
