EMEA News
Container Lines Shift 63% of Far East-Europe Capacity Back to Suez Canal: Alphaliner
Container lines have shifted 63% of Far East-Europe capacity back to the Suez Canal route, as carriers gradually return to the Red Sea after months of diversions around the Cape of Good Hope, according to sector specialist Alphaliner.
Alphaliner said in an emailed report today that 5.50 million TEU of the 8.70 million TEU deployed on the trade operated on services using the Red Sea between September 15 and October 15.
CMA CGM continued transits throughout the crisis, while COSCO Shipping, OOCL, Maersk and MSC have also returned.
The Premier Alliance partners are preparing to resume two services, leaving Evergreen and ZIM as the only two of the 10 largest carriers yet to return.
ZIM's continued absence from the Red Sea comes against the backdrop of threats by Yemen's Houthi movement to target ships linked to Israel or travelling to Israeli ports.
The Suez route saves around two weeks of sailing compared with the Cape of Good Hope and reduces fuel consumption.
However, Alphaliner said security risks remain.
Le Monde reported that a naval frigate shot down a drone that threatened the 23,112 TEU CMA CGM Champs Elysees during a Red Sea transit.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 932.50 | 1.50 | 1318.00 | 45.50 |
| Rotterdam | 765.00 | 9.50 | 1436.50 | 33.50 |
| Houston | 785.00 | 4.50 | 1417.50 | 9.00 |
| Fujairah | 979.50 | 6.50 | 1793.50 | 155.50 |
| EMEA Average | 904.00 | 2.50 | 1730.00 | 23.00 |
| Global 20 Ports Average | 920.00 | 8.50 | 1552.00 | 19.50 |
| Global 4 Ports Average | 865.50 | 4.50 | 1491.50 | 61.00 |
| Global Average Bunker Price | 962.00 | 3.50 | 1611.50 | 12.50 |
Popular Now More
-
Oct 20Two days, 12 panel sessions, and an interview with MPA's chief executive: Ship & Bunker's coverage of SIBCON 2026 in one place. -
Oct 20The bulk carrier, Traverse Antwerp, was arrested at 2:24 PM local time on October 16.