# Euro-Mediterranean Ports and the Impacts of the Red Sea Crisis: Insights and Key Data | ISPI

> Suez Canal transits fell 49% in September 2024 compared with the prior year, with container ship transits down 71% over the first nine months. Bulk carrier, product tanker and crude tanker transits also declined, and container freight rates are stabilizing at levels above a year earlier.

- Date: 2024-11-24 · published 2024-11-24T12:00:00.000Z
- Category: geopolitics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/16990-euro-mediterranean-ports-and-the-impacts-of-the-red-sea-crisis-insights-and-key
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Persistent Red Sea rerouting keeps ocean freight and transit times elevated, raising delivered costs for grain and feed imports into Mediterranean and European ports. The stabilization of rates limits further upside.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- ispionline.it: https://www.ispionline.it/en/publication/euro-mediterranean-ports-and-the-impacts-of-the-red-sea-crisis-insights-and-key-data-191220

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