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Port operations in the India-Middle East trade are strained by lengthy berthing delays at UAE ports Fujairah and Khor Fakkan. Recent vessel attacks in the Strait of Hormuz have also reduced feeder capacity.
A New York-New Jersey port employer also named a new COO.
Attacks in the Strait of Hormuz and resulting congestion raise freight costs and delay cargo flows, which can lift ocean freight rates for feed imports.
joc.comMark Szakonyi, Executive Editor }Sep 27, 2018Not 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.
