# News Content Hub - Dry bulk demand suffers in 2024 with Suez, Panama Canal transit drop

> 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.

- Date: 2025-02-01 · published 2025-02-01T12:00:00.000Z
- Category: weather · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16973-news-content-hub-dry-bulk-demand-suffers-in-2024-with-suez-panama-canal-transit
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Route disruptions raise voyage times and freight costs for grain and oilseed exports, widening origin-destination spreads and supporting landed feed costs for importers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- rivieramm.com: https://www.rivieramm.com/news-content-hub/news-content-hub/suez-and-panama-canal-dry-bulk-transits-took-a-hit-in-2024-83562

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.