The number of containership transits via the Red Sea has dropped by 70% since
November 2023 when the Houthi attacks against commercial shipping started. The
average number of monthly transits dropped from 606 in the first 11 months of
2023 to just 174 in 2024. When measured by total TEU capacity, the drop is even
more severe at 91% as the average monthly capacity of containerships on the Red
Sea has fallen from 5.9m teu last year to just 544,000 teu in 2024.
Several carriers have retained their