First, it was the Panama Canal with transit restrictions governing the size of ships and the number of daily crossings due to the continued and significant drought.
Now, it is the Suez Canal with missile, drone and armed personnel attacks on ships transiting the canal through the Red Sea due to Iran’s support of Hamas in its conflict with Israel.
Ocean Carriers are considering options. One option is to take the ten-day, 5,000 mile longer route around the Cape of Good Hope, and the other is to monitor security efforts in the region which should improve safe passage.
The US is leading an international naval coalition, Operation Prosperity Guardian, to help thwart attacks on ships transiting the Red Sea.