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Westwood Shipping Lines declared force majeure over the BCMEA lockout of longshore workers starting May 30, 2019. The carrier said extra handling, storage and alternate-port costs would fall on shippers and receivers.
Force majeure declarations pass added costs to exporters shipping through British Columbia, raising delivered freight for grain and oilseeds. The effect is a logistics cost increase rather than a supply shock.
na.swireshipping.comMay 28, 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.
