Suez Canal Shipping Recovery & Global Logistics
The last four weeks saw the highest Suez Canal container ship traffic since Houthis began attacking commercial shipping in December 2023, with two-thirds of container ships now routing via Suez again.
What we know
An account on X reports a significant milestone in global shipping normalization: the last 4 weeks have each set new post-Houthi highs for container ship crossings of the Suez Canal since the attacks began in December 2023. Two-thirds of container ships are now taking the Suez route rather than the longer detour around the Cape of Good Hope. This has significant implications for global shipping costs, inflation, and supply chain resilience.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.