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The Panama Canal Authority is imposing extra draft restrictions while cutting rates for high-volume lines. Shipping lines are adding containership capacity on the Asia to US East Coast trade, which could undercut rising freight rates.
Extra capacity and canal draft limits mix bullish and bearish pressures on container and bulk freight, with limited direct effect on feed grain prices.
tradewindsnews.comIan LewisJul 15, 2019Not 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.
