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Drewry reports that carriers in the proposed Ocean and THE Alliances plan 12 weekly Asia-East Coast North America services via the expanded Panama Canal for April 2017, versus four via Suez. Full port rotations and vessel deployments have not yet been announced.
Routing shifts toward Panama change transit times and freight costs for grain and feed shipments from Asia's east coast trade lanes, with modest implications for ocean freight rates.
foodlogistics.comNov 23, 2016Not 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.
