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Two years after the expanded Panama Canal opened, the waterway has attracted services from the Suez Canal and seen carriers deploy larger ships. Administrator Jorge Quijano expects more traffic as carriers seek cost savings from the shorter route.
The canal authority is studying a third reservoir and whether larger locks are needed, because water supply is under pressure from erratic rainfall and population growth.
Canal capacity and water availability influence freight routing for grain and oilseed exports to Asia. Water constraints could limit transits and add cost, which matters for ocean freight rates on US and South American cargoes.
panamaadvisoryinternationalgroup.comAdrian ProzzoJul 16, 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.
