The impact of the Red Sea crisis is less severe than Covid-19, although the TEU-mile boost has been significant.
Clarksons’ latest Container Intelligence Monthly stated that compared with December 2023, TEU-miles have gone up by around 11%, as around 620 ships of 8.5 million TEUs are rerouting from the Suez Canal to the Cape of Good Hope to avoid attacks from Houthi rebels.
Contextualised against Covid-19, where surging e-commerce sales and heightened inspections caused logistical bottlenecks...
https://container-news.com/red-sea-crisis-milder-than-covid-19-challenges-to-be-seen-in-2025/