# Suez Canal crisis: Here are the cargoes in the crossfire - FreightWaves

> The grounded Ever Given has caused a major shipping shift, with MSC announcing 11 container-ship diversions around the Cape of Good Hope and Hapag-Lloyd moving six ships. Crude tankers and LNG carriers are also diverting, and 237 ships were waiting at anchor as of Friday.

- Date: 2021-03-26 · published 2021-03-26T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48030-suez-canal-crisis-here-are-the-cargoes-in-the-crossfire-freightwaves
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Longer routes of 9 to 13 extra days reduce effective ship capacity and push up ocean freight and fuel costs across trades. Energy cargo rerouting also adds to tanker demand and freight pressure.

## Read by commodity

- WTI: neutral
- OCEANFRT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-14 | [Panama Canal transit auction fees rise to US$4 million](https://feedsoft.ai/events/16856-panama-canal-transit-auction-fees-rise-to-us-4-million.md) | +3.8% | -9.8% |
| WTI | 2021-02-19 | [Traders rush to supply fuel to the U.S. as Texas freeze bites](https://feedsoft.ai/events/48823-traders-rush-to-supply-fuel-to-the-u-s-as-texas-freeze-bites.md) | +5.0% | -0.8% |
| WTI | 2017-09-01 | [Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade](https://feedsoft.ai/events/68843-inter-continent-trading-tankers-persian-gulf-vs-red-sea-freight-premium.md) | +0.4% | +9.4% |
| WTI | 2022-04-07 | [Dry bulk quarterly: High commodity prices, volatile bunkers arrest freight demand](https://feedsoft.ai/events/42045-dry-bulk-quarterly-high-commodity-prices-volatile-bunkers-arrest-freight-demand.md) | +8.2% | +12.3% |
| WTI | 2026-04-22 | [Tankers undercut grain ships in Panama Canal: queues have increased significantly — EADaily, April 22nd, 2026 — Politics, Russia](https://feedsoft.ai/events/16869-tankers-undercut-grain-ships-in-panama-canal-queues-have-increased.md) | +9.8% | +18.8% |

## Sources

- freightwaves.com: https://www.freightwaves.com/news/suez-canal-crisis-here-are-the-cargoes-in-the-crossfire

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