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The Panama Canal Authority approved reduced tolls of $10 to $15 per TEU for southbound Neopanamax vessels from October 1, aimed at attracting Asia-US East Coast services. Drewry doubts the discount will quickly win over carriers, as cheap bunker fuel and Suez incentives weigh against it.
Container-focused toll changes have little direct effect on bulk grain freight rates, so the impact on feed commodity prices is minimal.
theloadstar.comMike WackettAug 21, 2017Not 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.
