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Suez, Panama canal disruptions drive up freight rates, slow ag shipping

01/31/24 6:20 AM By Philip Brasher
KEYWORDS Federal Maritime Commission freight rates grain and soybean transportation International Grains Council Panama Canal Red Sea disruptions Russia-Ukraine conflict shipping chokepoints soybeans Suez Canal wheat
Disruptions in the Red Sea due to attacks from Houthi rebels and a drought-induced slowdown of goods through the Panama Canal are driving up freight costs and putting a focus on the vulnerabilities of key chokepoints in agricultural shipping lanes.
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Philip Brasher
Editor in Chief

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