- Just over a quarter of container ship capacity deployed between Europe and Asia is transiting the Suez Canal, according to a new analysis, up from 17% on Aug. 3.
- The share is rising nearly three years after Red Sea attacks diverted vessels around Africa, and major European carriers have announced they are sending ships through the waterway again.
- The conflict between Houthis and Saudis is intensifying, and some cargo owners are not convinced the more efficient route is worth the risk.
Quotes
“Just over a quarter of container ship capacity deployed in both directions between Europe and Asia is transiting the Suez Canal, according to a new analysis, nearly three years since attacks on ships in the Red Sea diverted vessels the long way around Africa.”
“That’s edged up from 17% on Aug. 3, as carriers slowly return to the shortcut sitting in the middle of three continents.”
“as the conflict heats up between Houthis and the Saudis, some cargo owners aren’t convinced the more efficient route is worth the risk.”