# Bulk Carrier Routes amid Panama and Suez Canal Challenges

> Bulk carriers bound for Asia have shifted from the Panama Canal to Suez and increasingly to the Cape of Good Hope, as Red Sea insecurity grows. Panama transits fell to a record low of 106 ships per month while Suez transits hit a record 772. The analysis expects longer voyages to tighten ship availability in the North Atlantic and Black Sea.

- Date: 2023-12-20 · published 2023-12-20T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/32466-bulk-carrier-routes-amid-panama-and-suez-canal-challenges
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer repositioning times and higher ton-miles tighten vessel supply and push up freight costs for grain shipments from the Atlantic basin and Black Sea.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- ifchorgalbraiths.com: https://ifchorgalbraiths.com/research-insight/when-plan-b-does-not-calculate-anymore-the-recent-re-routing-of-bulk-carriers-heading-to-asia-via-panama-to-suez-and-later-to-cape-of-good-hope/

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