Suez Canal Highlights Continued Return of Containerships
Weekly container capacity through the canal averaged 753,000 TEU in early October, Clarksons Research said, as carriers returned despite security risks.
- Container ship traffic through the Suez Canal has surpassed 50% of pre-disruption levels for the first time since Houthi attacks began, according to BIMCO Chief Shipping Analyst Niels Rasmussen.
- Since early July, 16 services have announced returns to the Suez route, with major alliances including Gemini Alliance, Ocean Alliance, and Premier Alliance shifting vessels back to the Red Sea to restore normal routings.
- Analysts at Drewry note the rush back is difficult to explain purely through cost savings, with carriers prioritizing network integrity, vessel utilization, and customer service over simple voyage-cost calculations.
- Security risks persist in the Bab el-Mandeb Strait where conflict escalated recently with Houthi missile strikes, while war-risk insurance premiums for transits remain at roughly 3 percent.
- Shipping lines anticipate a full-scale return to the Suez Canal by the first quarter of 2027, while carriers project a phased return reaching 80% of pre-diversion levels by February.
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Maritime Reporter
maritimeprofessional.comSuez Canal Container Ship Transits Rebound
"During the first two weeks of October, weekly container ship capacity transiting the Suez Canal averaged 753k TEU, according to Clarksons Research, compared with 1,457k TEU during the same period in 2023. Since the Houthi attacks began in the Red Sea…
Suez Canal Container Ship Traffic Exceeds Half of Pre-Crisis Levels
Container ship traffic through the Suez Canal has climbed to its highest level since the onset of Red Sea disruptions, with weekly container capacity transiting the waterway exceeding half of its pre-crisis level for the first time, according to shipping association BIMCO.
BIMCO Shipping Number of the Week - Cyprus Shipping News
Suez Canal container ship transits exceed 50% of pre-disruption levels "During the first two weeks of October, weekly container ship capacity transiting the Suez Canal averaged 753k TEU, according to Clarksons Research, compared with 1,457k TEU during the same period in 2023. Since the Houthi attacks began in the Red Sea, this is the first
The latest figures show clear signs of an acceleration in the return of containerships to the Suez Canal, as both the number of transits and the average size of ships passing through are increasing… The return of containerships to Suez is picking up speed - ΙΝΑΦΤΕΜΟΡΙΚΙ
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