# Suez Canal expansion brings more options to sea freight

> An article reviews the 2015 Suez Canal expansion, which added 35 kilometres of new channels and is said to nearly double daily transits from 50 to 97. It reports that waiting times fell from 18 hours to 11. The Suez Canal Authority expects higher annual revenue from the project.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: logistics · region Global · magnitude low
- Page: https://feedsoft.ai/events/72395-suez-canal-expansion-brings-more-options-to-sea-freight
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Faster Suez transits can lower shipping times and costs for grain and feed exports moving between Europe, the Black Sea and Asia. The effect on feed commodity prices is marginal.

## Sources

- freightplus.com: https://freightplus.com/news/suez-canal-expansion-brings-more-options-to-sea-freight/

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