# Contact Us - Sherbrooke Record - Freight through Suez Canal sinks 45% amid Houthi attacks

> Freight volumes through the Suez Canal fell about 45% after Iran-backed Houthi militants began attacking vessels in the Red Sea. UNCTAD reported 39% fewer ships transiting than in early December, and container shipments dropped 82% in the week to January 19.

- Date: 2018-05-25 · published 2018-05-25T12:00:00.000Z
- Category: logistics · region Global · magnitude medium
- Page: https://feedsoft.ai/events/64929-contact-us-sherbrooke-record-freight-through-suez-canal-sinks-45-amid-houthi
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Ships diverted around Africa lengthen voyages and tie up freight capacity, which tends to raise ocean freight rates and delivered costs for imported feed ingredients.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- business.sherbrookerecord.com: https://business.sherbrookerecord.com/sherbrookerecord/news/read/43874890/freight_through_suez_canal_sinks_45_amid_houthi_attacks

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