# Implications of shipping disruptions in the Red Sea - February 2024 | New Zealand Ministry of Foreign Affairs and Trade

> New Zealand's foreign ministry outlines how Houthi attacks in the Red Sea are disrupting Europe-New Zealand trade, with many carriers avoiding the Suez Canal. Panama Canal capacity constraints compound the problem. Some exporters report delays, higher transport costs and cancelled orders, with impacts expected to worsen in the April-May peak period.

- Date: 2024-02-15 · published 2024-02-15T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32003-implications-of-shipping-disruptions-in-the-red-sea-february-2024-new-zealand
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer routings and capacity limits raise ocean freight costs and delivery times for grains and feed ingredients moving between Europe, Asia and Oceania, supporting freight-driven upward pressure on landed feed prices.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- mfat.govt.nz: https://www.mfat.govt.nz/en/trade/mfat-market-reports/implications-of-shipping-disruptions-in-the-red-sea-february-2024

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