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The Panama Canal Authority CEO Jorge Quijano said new container alliances (2M, Ocean Alliance, THE Alliance) started operating in April 2017 and could either raise or cut canal transits depending on how vessel sharing evolves. He noted the canal may lose three to four transits converted into one, and that a planned 2018 merger of three Japanese lines could benefit or hurt the canal depending on vessel size.
Shipping consolidation affects container capacity and freight costs for exporters using the canal, including US grain and feed ingredient shipments to Asia, which could lift logistics costs over time.
seatrade-maritime.comLee Hong LiangMay 3, 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.
