Lloyd's List Intelligence data show that vessel transits through the Bab el-Mandeb Strait rose 12.2% in October to 1,363, led by a 35% month-on-month jump in container ship transits to 426. About 212 of those container voyages had AIS switched off, and renewed Houthi attacks mean liner companies still face security risks on Red Sea routes.
A sustained return of container ships to the Red Sea adds capacity and can ease ocean freight rates, which lowers costs for grain and feed imports moving between Asia and Europe. Security risks mean the recovery could reverse quickly and keep freight rates elevated.
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.