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The Panama Canal Authority announced temporary relief from April 29, 2020, letting ship operators pay transit reservation fees when other fees are due rather than weeks in advance. The Suez Canal and Panama Canal are both offering cost reductions amid the COVID-19 pandemic.
Shipping lines have also introduced cost-saving options.
Lower canal transit costs can marginally reduce freight expenses for grain and feed shipments routed through these waterways.
shippingandfreightresource.comNews DeskMay 1, 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.
