# How the Red Sea disruptions have effected Dry Bulk Trade

> Around 12% of seaborne grains and oilseeds trade passed through the Suez Canal in 2023, and about 4.5 Mt of grain cargo has been diverted since mid-December. Vessels from the US Gulf are adding 10 to 20 days by routing via the Cape of Good Hope, while Black Sea vessels mostly still use the Red Sea.

- Date: 2024-03-08 · published 2024-03-08T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31095-how-the-red-sea-disruptions-have-effected-dry-bulk-trade
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Extra sailing time tightens effective vessel supply and lifts freight, although the article notes grain prices have not reacted much, so the impact is mainly on delivered costs.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- maritimedata.ai: https://www.maritimedata.ai/post/how-the-red-sea-disruptions-have-effected-dry-bulk-trade

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