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The Panama Canal Authority set a maximum NeoPanamax draft of 15.09m from 1 March 2022, while Panamax lock draft stays at 12.04m. Published waiting times show delays of up to 15 days for Panamax-plus southbound transits.
Higher allowable drafts modestly ease loading constraints for grain cargoes through the canal, while waiting times still add cost to US Gulf and Pacific feed shipments.
masoceans.comMartaxelle ErussardFeb 3, 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.
