The return of container Ships from the Suez Canal after the Israeli-Hamas truce and the temporary end of Houthi attacks on international shipping on the critical Red Sea Maritime Road will also mean the reduction of their travel travel. containers mainly in Asia-Europe transport.

The Red Sea route is the shortest route from Asia to Europe, thanks to the Suez Canal with an alternative to the southern end of Africa. A ship’s trip to the crossbar around Africa is 11,800 nautical miles (21,830 km) against 8,500 nautical miles (15,725 km), through Suez while on the route around the Cape of Kali Hope, an additional 10 days are added to the time of transport.

According to Reuters, DP World Yuvraj Narayan Deputy Chief Executive Officer on the sidelines of the World Economic Forum meeting in Davos, Switzerland, said that maritime freight prices could fall “at least 20%” and 25%with 25%and 25%” This could happen within two to three months.

It is noted that the Drewry Shipping Analyst has estimated that the launch of container ships around the Cape of Good Hope has reduced the actual capacity by about 9%, which has helped the liners to make very high profits again in the last 12 months.

Xeneta Peter Sand’s chief analyst estimates that the return of container ships will be gradually starting with container ships under 10,000 TEUs and then 18,000-24,000 TEU ships will follow

According to the Clarksons, Suez crossings have dropped 70% in GT terms compared to the mid -levels of 2023. Especially the transactions of container ships are now reduced by 90% or more.

Trade from Shanghai to New York, average spot prices have been reduced by the heights that had occurred last year, but are still 14% higher than a year ago, to US $ 6590 per Feu .

One problem that charterers are also facing at the moment is the new contracts and fare prices that should be formed in the use of the Suez Canal.

-A Convention with two values ​​for switching routes-reimbursement of freight in containers-

Shipping companies in the container sector do not exclude a contract with two prices that relate to either Suez Suez or Diaplion around Africa in order to allow both parties to stabilize their commitments for the peak of 2025, Knowing what the corresponding costs and revenue will be in every scenario of a possible crisis.

Drewry’s global container this week decreased by 11% to $ 3,445 per 40ft container

The Drewry WCI complex index decreased by 11% to $ 3,445 per 40 -foot container, 67% below the previous $ 10,377 pandemic ceiling in September 2021, but was 143% higher than the $ 1,420 average in 2019 (2019 before the pandemic).

Shanghai fares to Rotterdam decreased by $ 19% or $ 797 to $ 3,434 per 40ft, while the Shanghai fare to Genoa decreased by $ 10% or $ 524 to $ 4,562 per 40ft.

Similarly, prices from Shanghai to Los Angeles dropped by $ 8% or $ 415 to $ 4,813 per 40ft container, followed by prices from Shanghai to New York that decreased by $ 7% or $ 448 to $ 6,377 per 40 . Also, prices from Rotterdam to Shanghai, Los Angeles to Shanghai, New York to Rotterdam and Rotterdam to New York decreased by 1% to 515, 721, 821 and $ 2,778 per 40ft respectively.

Drewry expects spot prices slightly reduced next week due to Chinese New Year holidays.

-Ready to operate with full capacity the canal-

The president of the Suez Canal Authority, Admiral Ossama Rabiee, met this week with Mr. Arsenio Dominguez, Secretary General of the International Maritime Organization.

The meeting took place on the sidelines of the official visit of the IMO Secretary -General to Egypt on the occasion of the opening of a regional office of representation of the International Maritime Organization.

At the start of the meeting, Admiral Ossama Rabiee emphasized the readiness of the Suez Canal to operate with its full capacity to serve the Services of the Large Maritime Lines in the light of preparations for the gradual return of the worldwide commercial traffic. Trade through the Suez Canal with the return of stability to the Red Sea and the Bab Al-Mandab area.

In this context, he pointed out that the Suez Canal welcomes a group of ships from the CMA CGM shipping line under the Epic Navigation Service on the trade route between South Asia and Europe

He pointed out that the Suez Canal continues to provide its shipping and maritime services normally and to develop them optimally to meet customer demands and keep up with developments in the maritime industry.

He stressed that the canal has now intensified its maximum efforts to complete the development project of the southern sector that contributes to the increase in the shipping rate in the face of emergency situations as well as to increase the capacity of 6-8 additional ships.

He also talked about the advances in the various maritime fleet of the Authority, which includes the addition of 27 Bahar aluminum navigation, which are gradually imported to serve the boarding and landing operations.

In addition, the construction of 29 multi -purpose trailers is underway, with 4 tugs of 70 tonnes and 6 tugs of 75 tonnes to be completed already.

In addition, 7 small tugs of the “Azima” class have been built with a capacity of 9 to 15 tonnes, while the construction of 10 tugs with a capacity of 90 tonnes is ongoing.

They will be delivered in the first quarter of 2025, while the rest will follow in 2025-2026, along with the construction of two 190-ton rescue tugs.

For his part, Mr. Arsenio Dominguez, Secretary General of the International Maritime Organization (IMO), welcomed the Organization for the return of stability to the Red Sea and Bab al-Mandab, which will lead to a gradual return. of navigation through the Suez Canal normally.

Mr. Dominguez added that the Suez Canal is an indispensable world corridor for international trade, while calling on large shipping companies to reassess their routes in the coming period to facilitate their gradual return to the Suez Canal as the Suez Canal. Security conditions in the Red Sea area are beginning to stabilize.