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Flexport's June 26, 2019 freight update covered Maersk's no-roll guarantee product and the Panama Canal's postponed draft reduction from June 26 to July 3 due to heavier rainfall. It also noted IMO 2020 sulfur rules that could raise freight rates by 2020.
Canal draft restrictions reduce cargo loads per vessel, tightening capacity and pushing up ocean freight costs, while IMO 2020 fuel compliance adds upward pressure on shipping rates.
flexport.comFlexport EditorialJun 27, 2019Not enough comparable past events yet for a historical read.
After 113 past bullish logistics events, ULSD / Diesel moved a median +0.6% over 5 sessions (54% higher; middle half -2.8% to +4.2%), and +0.2% over 20.
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.
