No sign of Red Sea return despite ceasefire
- Bab el Mandeb transits down 5% in September
- Suez transits continue to increase, but are still well below pre-Houthi levels
- Ceasefire unlikely to be enough to convince owners to return to the Red Sea
Shipping continues to adopt a cautious approach in terms of returning to the Red Sea, despite a ceasefire being brokered between Hamas and Israel
