# Dry bulk sailing distances jump 31% for routes using the Panama Canal | World Ports Organization

> BIMCO reports that Panama Canal transit limits cut dry bulk transits 74% year-over-year in January to April 2024. Sailing distances for affected routes rose 31% as operators rerouted around the Cape of Good Hope or Cape Horn, while cargo volume fell 25%.

- Date: 2024-05-28 · published 2024-05-28T12:00:00.000Z
- Category: logistics · region Panama · magnitude medium
- Page: https://feedsoft.ai/events/17026-dry-bulk-sailing-distances-jump-31-for-routes-using-the-panama-canal-world
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md)

## Why it matters

Longer voyages absorb vessel capacity and lift tonne-mile demand for smaller bulk segments, which supports freight rates; without the distance increase, the lower cargo volumes would have pressured rates downward.

## Read by commodity

- BARGE: neutral
- OCEANFRT: bullish ▲

## Sources

- worldports.org: https://www.worldports.org/dry-bulk-sailing-distances-jump-31-for-routes-using-the-panama-canal/

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