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An article reviews the 2015 Suez Canal expansion, which added 35 kilometres of new channels and is said to nearly double daily transits from 50 to 97. It reports that waiting times fell from 18 hours to 11.
The Suez Canal Authority expects higher annual revenue from the project.
Faster Suez transits can lower shipping times and costs for grain and feed exports moving between Europe, the Black Sea and Asia. The effect on feed commodity prices is marginal.
freightplus.comJohn GleesonFeb 2, 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.
