Red Sea attacks divert 2 million TEU from Suez Canal

Capt. John

DIVERTING containerships to avoid Houthi air strikes in the Red Sea has resulted in a two million TEU decline in Suez Canal traffic, reports London’s Lloyd’s List. So says UK-based analysts MDS Transmodal. In the three-week period from December 18 to January 7, fleet capacity that moved through the vital east-west artery fell more than 60 per cent year on year from 3.3 million TEU to 1.3 million TEU, as carriers opted for safe passage around the Cape of Good Hope.During the period, HMM and Zim...

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