# Panama Canal overtakes Suez on Asia-US East Coast route | Journal of Commerce

> Capesize dry-bulk rates pushed higher on Atlantic Basin tightness and rumours involving Vale. Brokers describe the market as frothy as rates reach highs.

- Date: 2016-11-22 · published 2016-11-22T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/73781-panama-canal-overtakes-suez-on-asia-us-east-coast-route-journal-of-commerce
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Rising capesize rates increase bulk freight costs for raw materials and can raise delivered costs of imported and exported grains and oilseeds.

## Read by commodity

- OCEANFRT: bullish ▲

## Sources

- prod.int.joc.com: https://www.prod.int.joc.com/article/panama-canal-overtakes-suez-on-asia-us-east-coast-route-5205871

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