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Date: 31/12/2024

Containership traffic on the Red Sea down by 70%: Analysis

The number of containership transits via the Red Sea has dropped by 70% since November 2023 when the Houthi attacks against commercial shipping began. The average number of monthly transits dropped from 606 in the first 11 months of 2023 to just 174 in 2024. When measured by total TEU capacity, the drop is even more severe at 91% as the average monthly capacity of containerships on the Red Sea has fallen from 5.9 m TEU last year to just 544,000 TEU in 2024, as per an analysis by Linerlytica.
 
source: Exim News Service: Singapore, Dec. 30



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