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Containership transits through Bab el Mandeb rose sharply in October, led by MSC, which went from 19 transits in September to 77. Containership traffic reached 68% of October 2023 levels by count, but overall traffic remained 46% below that level in tonnage terms.
Returning container capacity through Suez adds shipping supply and tends to pressure freight rates lower, though the recovery remains incomplete and Houthi risk persists.
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.