• Episode 1288: Think Tank: Gaza ceasefire could reopen Suez Canal, reset container trade system

  • Jan 14 2025
  • Length: 27 mins
  • Podcast

Episode 1288: Think Tank: Gaza ceasefire could reopen Suez Canal, reset container trade system

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  • Summary

  • A ceasefire in the Gaza conflict could potentially end attacks in the Red Sea, reopening the Suez Canal and normalising the Asia-to-Europe container shipping route.

    - Gaza ceasefire could stop Houthi attacks on Red Sea shipping

    - Route via Cape of Good Hope takes 10 days longer than Suez Canal

    - Reopening Suez would add 10 days of chemicals inventory to the market

    - Europe would be open to more Asia exports

    - Freight rates could fall as container capacity is freed up

    - ‘Stunning’ levels of overcapacity expected in China in 2025

    - New Cefic report highlights need for new Europe industrial deal for chemicals
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