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Global dry bulk trade faced disruption in 2024 as La Niña drought cut Panama Canal transits to 1,392 vessels, about 700 fewer than 2023. Red Sea attacks further reduced traffic through Suez.
Shipbroker Howe Robinson Partners attributed the drop to weather and geopolitical factors.
Route disruptions raise voyage times and freight costs for grain and oilseed exports, widening origin-destination spreads and supporting landed feed costs for importers.
rivieramm.comRiviera Maritime MediaFeb 1, 2025Not 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.
