Red Sea Attacks Prompt 2 Million TEU Drop In Suez Boxship Traffic

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The redirection of container shipping services due to Houthi attacks in the Red Sea resulted in a significant decrease in fleet capacity passing through the Suez Canal during the New Year period, reports London’s Lloyd’s List.

Capacity traversing 

Data from UK-based analysts MDS Transmodal reveals that from December 18 to January 7, fleet capacity traversing the crucial east-west route plummeted 60 per cent compared to the same period last year, dropping from 3.3 million TEU to just under 1.3 million TEU.

Maersk’s decision to resume Red Sea routes was reversed following the attacks, despite naval escorts initiated by the US and its allies in the area.

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Source: Seanews

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