Suez Transits Are Up 59%, and Rates Are About to Fall

AI Summary

Suez containership transits rose 59% between March and September as carriers returned to the route. Shorter voyages are freeing vessel capacity, shifting container shipping toward a surplus and potentially putting downward pressure on freight rates.

Carriers Have Returned to Suez, and the Data Confirms It Maritime media sources state that container shipping is moving from a capacity shortage to a surplus as carriers return to Suez and shorter voyages free up ships. Windward MIOC data supports this claim. Suez containership transits rose 59% from March to September, from 139 to ...