# UN Trade Body Has 'Profound Concerns' Over Panama Canal, Red Sea

> UNCTAD said it has 'profound concerns' about disruptions at the Red Sea, Panama Canal and Black Sea. It estimated weekly Suez Canal transits fell 42% over two months to January 23, and Panama Canal daily booking slots were cut from a typical 36 to 24 because of low water.

- Date: 2019-09-03 · published 2019-09-03T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/56994-un-trade-body-has-profound-concerns-over-panama-canal-red-sea
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Longer routings and fewer canal slots raise ocean freight costs and transit times for grain and feed shipments. That tends to widen export basis and freight-linked costs for feed buyers.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- wwd.com: https://wwd.com/sourcing-journal/logistics/red-sea-suez-canal-panama-united-nations-conference-trade-development-profound-concerns-supply-chain-disruptions-1238828552/

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