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The expanded Panama Canal, which opened in June 2016 at a cost of about USD5.3 billion, is said to be already affecting global and regional trade. The article recounts the inaugural transit by the COSCO Shipping Panama.
Shorter routes via the expanded canal can reduce shipping costs for US grain exports to Asia and South America, a modest bearish factor for freight.
portsidecaribbean.comMike JarrettMar 1, 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.
