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The expanded Panama Canal has regained most of the all-water Asia to US East Coast traffic it lost to Suez, with its share of headhaul capacity rising to 74 percent according to Alphaliner. The Panama Canal Authority plans tariff cuts of 6 to 12 percent for neo-Panamax backhaul voyages to Asia from October 1.
Suez has extended its toll rebates to year-end.
Shifting container capacity between canals changes route costs for Asia-US trade, and tariff cuts could affect freight rates on backhaul legs. The impact on grain and feed prices is limited.
panamaadvisoryinternationalgroup.comAdrian ProzzoJul 30, 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.
