# Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns | UN Trade and Development (UNCTAD)

> UNCTAD warns that Red Sea attacks have cut Suez Canal transits by 42% from peak and container transits by 67%. Panama Canal transits have fallen 49% from peak amid low water. The report links these disruptions to the ongoing Black Sea shipping shifts.

- Date: 2024-02-22 · published 2024-02-22T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/31560-unprecedented-shipping-disruptions-raise-risk-to-global-trade-unctad-warns-un
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Sustained transit losses raise freight rates and route uncertainty for bulk grain and oilseed trade, adding cost to feed raw materials and supporting prices in import markets.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- unctad.org: https://unctad.org/news/unprecedented-shipping-disruptions-raise-risk-global-trade-unctad-warns

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