Suez Canal Traffic Plummets, Shipping Companies Consider Return

Container ship traffic through the Suez Canal has plummeted, with only twenty-eight ships passing in November, marking a significant drop from typical numbers. Major shipping companies have been avoiding the route due to attacks by Houthi militia, but a recent ceasefire in Gaza has sparked hope for a return. However, the UN Trade and Development agency predicts a significant drop in port connectivity by the third quarter of 2025, highlighting ongoing disruption to global shipping routes.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.