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Suez Canal container and tanker traffic rose between October 29 and November 3, 2026, with Hapag-Lloyd resuming three liner services. October traffic reached 125.6 million deadweight tonnes, the highest since the Red Sea diversion began, though still 33% below November 2023 levels.
A recovering Suez route frees up shipping capacity and lowers routing costs for Asia-Europe and Middle East trades, which is bearish for ocean freight rates. Traffic remains well below pre-crisis levels, so the effect is gradual.
maritimenews.comNov 4, 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.
