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Evergreen is returning services to the Suez Canal as other major shipping groups restore or expand their Asia–Mediterranean routes. Container capacity passing through Suez reached nearly 3.4 million TEU in the four weeks to late October, more than twice the August level, though it remained below pre-crisis volumes.
More ships using Suez instead of longer Cape of Good Hope routes releases vessel capacity and reduces voyage time, easing pressure on ocean freight rates.
Not 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.