Shippers weigh Suez Canal cost savings against Red Sea security risks
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Container traffic on the Asia‑Europe route is returning to the Red Sea and Suez Canal despite the escalating Houthi‑Saudi conflict, and CU Lines reported that its 2,400‑teu vessel CUL Klang came under small‑arms fire in the southern Red Sea last week.
Analysts say using the Suez saves about $1 million per round‑voyage, or $43 per slot, for 24,000‑teu ships, but war‑risk premiums are negotiated separately and could add roughly $1.35 million per round‑trip, while forecasts expect Suez transits to recover to 80% of pre‑diversion levels by February 2027.