# Panama Canal Drought Hits Shippers - NAM

> Carriers have added surcharges since June 1 and are considering rate increases on transpacific Panama Canal loops. Restrictions at the neo-Panamax locks force vessels to sail with lower load factors, and some carriers may route via Suez instead.

- Date: 2023-06-21 · published 2023-06-21T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/35384-panama-canal-drought-hits-shippers-nam
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Reduced vessel loads and possible Suez rerouting raise transpacific container rates and reduce capacity for US exports. The effect on grain freight is an added cost for Asia-bound shipments.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- nam.org: https://nam.org/panama-canal-drought-hits-shippers/

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