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Record volumes moved through the expanded Panama Canal in May, at 38.1M tons, driven by eastbound US East Coast container traffic and westbound LNG exports to Asia. Canal administrator Jorge Quijano expects container volumes to grow about 5% annually.
Savannah also posted a May record for TEUs handled.
Stronger canal throughput and East Coast port capacity shift container and LNG flows and can affect freight costs on US-Asia routes. For feed buyers the direct grain price effect is limited.
freightwaves.comJohn Paul HampsteadJun 20, 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.
