Suez traffic is now declining seriously

Commercial ship transits through the Suez Canal have dropped to their lowest level since the Ever Given blocked the canal for six days during the first half of 2021, reports Reuters, citing information from a data platform maintained by the International Monetary Fund and Oxford University.

As of last Sunday January 14th the seven-day moving average of daily Suez crossings by bulk cargo ships, container carriers and tankers had fallen to 49 vessels. The 2023 daily peak was 83 transits in late June. The seven-day average at the same time last year was 70 transits.

The data also show a corresponding rise in the number of ships passing by the Cape of Good Hope near the southern tip of Africa.