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Drewry reports 53 containerships transited the Suez Canal in the week ended 1 November, up 130% year on year. About 60% of Asia-Europe capacity is now back on the Suez route after nearly three years of Cape diversions.
A sustained shift back to Suez releases vessel capacity and tends to pressure ocean freight rates lower, which lowers the delivered cost of seaborne feed commodities into Europe and Asia.
drewry.co.ukJames HarleyNov 3, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
