Sun 09 Aug 2026 · 14:17 UTCNot investment advice. Automated, AI and OSINT based. May contain errors.

Suez Canal

Quiet

Transit data to 31 Jul · IMF PortWatch derived, lags a few days

Transits

102% of baseline

42 a day against a 12-month average of 41

Week on week

▼ 3%

Trend

7-day average 42 transits/day, up 2% vs the trailing 12-month average. Source: IMF PortWatch, data to 2026-07-31.

The market lens

The Red Sea's northern exit and the short route between Asia and Europe for containers, crude, and refined products. Like Bab el-Mandeb, disruption reroutes trade around the Cape rather than stopping it: the cost lands in shipping time, fuel, and insurance, and in Egypt's transit revenues.

What to watch

Daily transit counts against baseline, and Suez Canal Authority pricing moves.

Whether Red Sea security conditions are pulling traffic off the route upstream at Bab el-Mandeb.

Container spot rates on Asia-Europe lanes, the cleanest price of the detour.

Recent signals touching Suez Canal

45d ago

Houthis maintain blockade of Bab al-Mandab; Asian importers dependent on Gulf oil face extended rerouting through Suez or the Cape, lifting tanker rates and refining costs.

35d ago

Houthis blockaded the Bab el-Mandeb; Saudi Arabia is rerouting crude exports via Egypt's Suez corridor, lifting shipping costs and extending voyage times for westbound barrels.

25d ago

An Asia-bound Saudi oil tanker exited the Red Sea through Suez as others transit Bab el-Mandeb amid persistent Houthi threats; route choices are fragmenting, lengthening voyage times and raising transit insurance costs.

15d ago

Ditas ordered two suezmax tankers from South Korea; a Turkish owner's return to large-vessel ordering after a decade signals confidence in medium-range tanker economics.