Loading…
Gard, a marine insurer, warns that high water on the Mississippi River can cause anchor losses, groundings and broken moorings. It notes the high-water season can extend from December to August, and that 2020 levels appear to follow 2019's pattern.
Gard recommends proactive precautions.
Recurring high water and strong currents can slow barge traffic and add tug and pilot costs, which supports barge freight rates during the spring.
gard.noApr 15, 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.
