Egypt recently held talks with 20 shipping lines to assess readiness and transit conditions. October saw the highest monthly vessel volumes since late 2023.

Egyptian authorities recently held strategic discussions with representatives from 20 shipping lines to assess readiness, transit conditions and incentives aimed at restoring traffic.

The Canal has experienced significant revenue declines since late 2023 due to prolonged diversions around the Cape of Good Hope. However, vessel volumes and tonnage have been improving steadily in recent months, with October marking the highest monthly return of ships since the start of the crisis.

Any sustained reopening of the Red Sea route would mark a major improvement for global supply chains. A return to Suez transits shortens voyage times significantly compared with rerouting around Africa, reducing fuel consumption, carbon emissions, and overall transit costs. For shippers, this would help accelerate delivery timelines and improve schedule predictability after a prolonged period of disruption.

While many carriers remain cautious until long-term stability is assured, the overall direction is positive, with authorities and industry stakeholders anticipating a gradual, phased resumption of traffic in the coming months.

Woodland Group continues to monitor these developments closely across all major trade lanes. As conditions stabilise, we will provide timely updates and adjust routings to ensure the most efficient and secure cargo movements for our clients. Please get in touch with your local Woodland Group representative if you have any questions or concerns.