# The Big Picture: Panama Canal avoidance — Breakwave Advisors

> Transit restrictions at the Panama Canal have led to canal avoidance by dry bulk vessels, with southbound Atlantic-to-Pacific traffic running well below 2022 levels. Some receivers have shifted to longer routes because of uncertain waiting times.

- Date: 2023-10-13 · published 2023-10-13T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/33516-the-big-picture-panama-canal-avoidance-breakwave-advisors
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer-haul voyages absorb more vessel time and fuel, pushing up freight costs for grain exports from the US Gulf to Asia. Sustained avoidance tightens effective freight capacity and supports rates.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- breakwaveadvisors.com: https://www.breakwaveadvisors.com/insights/2023/10/13/braemar-weekly-dry-market-report

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