by Inside China Business [11-28-2025].
Houthi rebels have announced they will no longer attack shipping transiting the Red Sea and Suez Canal, though they are monitoring the situation in Gaza closely.
Global shippers can again pass through the Suez Canal, saving thousands of miles and up to two weeks of sailing time.
But the industry is in no rush to go back to the shorter routing. Doing so would be the equivalent of adding another 10% to global container capacity, or two million TEU's.
In 2024, ocean shippers boomed, earning record revenues and profits. But this year freight rates have collapsed, and are forecast to fall further next year. Industry-wide use of the Suez will squeeze margins even more.
Closing scene, Dongting Lake Bridge, Yueyang, Hunan
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