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Traffic through Panama and Suez Canals - critical arteries of global trade - dropped by over 50% by mid-2024.

Drewry estimates that global box fleet rose 1% last year to 51.4 million TEU, to expand 2.3% over the year

Escalating attacks on ships in Red Sea are adding strain to shipping routes already hit by conflict and climate change

"Suez Canal diversions will inflate shipping costs for as long as the situation lasts but trade always finds a way"

MSC, CMA CGM halt Red Sea sailing after attacks; only positive - Panama Canal increases crossings from January 2024

After Panama Canal shock, the terror attacks on container ships can disrupt supply chain in 2024

Restrictions on drought-stricken Panama Canal starting to impact vessel capacity serving exports of perishables: Drewry

Panama Canal announces new operational measures with nearly 50 days remaining in the rainy season

While restrictions could impact Christmas stocks, shippers diverting containers via Suez have been minimal