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An editorial from The Waterways Journal argues that the Lower Mississippi deepening project will allow larger vessels to reach Baton Rouge with heavier loads. The project was launched September 11 and is estimated to bring about $127 million in annual national economic benefit.
Phase 1 will create a 50-foot channel through the Port of New Orleans.
Larger loaded vessels can reduce per-tonne ocean freight for U.S. grain and soymeal exports over time, supporting Gulf export competitiveness. The near-term price impact is minimal.
waterwaysjournal.netWaterways JournalSep 25, 2020Not 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.
