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Scheduled maintenance at the Panama Canal's Miraflores Locks from Aug. 29 to Sept.
10 is expected to cut canal capacity, with shipping agents warning of delays of up to 14 days for non-booked ships. Tanker owners were advised to book transits 25-30 days ahead.
The canal authority will confirm the window about seven days before work begins.
Reduced Panama transits lengthen voyages and raise freight costs for grain and feed shipments routed through the canal, tightening effective vessel supply and supporting freight rates.
spglobal.comAug 20, 2021Not 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.
