Ship rerouting, Chinese-funded ship enterprises navigation stability

According to data released last week by Container xChange, 500 of the 700 container ships scheduled to cross the Red Sea have been diverted.

In addition, Clarkson's latest data shows that from January 12 to 16, ship traffic in the Red Sea region (in gross tons) fell by 10%, during the same period, ships entering the Gulf of Aden region compared to the 2023 average significantly decreased by 65%, including oil tanker and gas carrier traffic significantly decreased, container ship traffic continued to remain low, down about 90% in TEU.

In the Suez Canal, the total volume of ships passing through the Canal between January 12 and 15 fell 53% compared with the first half of December and 45% in early January, and the decline is expected to widen in the coming days.

Despite efforts, the Red Sea crisis has not yet eased. Amid the escalating confrontation, shipping companies have yet to regain confidence to return to the Red Sea route.

The report released by the Shanghai International Shipping Research Center pointed out that according to the analysis of the Port and shipping Big Data Laboratory, the shipping volume of the Suez Canal and the Bab el-Mandel Strait in December fell by 22.5% and 25.3% respectively from November, but the volume of Chinese-funded vessels was basically stable. The head Chinese fleet involved in the waters of COSCO shipping and bulk transport, intercontinental shipping, Zhongvalley Shipping, Zhonglian Shipping, etc., have not diverted or suspended.