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The Suez Canal Authority extended toll discounts for dry bulk vessels trading between North America and Asia through the end of 2019. Discounts range from 20% to 75% depending on origin and destination, with the largest cuts for US Gulf and Latin American routes.
Lower canal tolls reduce delivered freight costs for US Gulf and East Coast grain shipments to Asia, which can support US export competitiveness against Black Sea and South American origins.
worldmaritimenews.comFeb 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.
