The major service disruptions due to the round-of-Africa routing naturally leads to the question of how this has impacted deployed capacity. Using our Trade Capacity Outlook database, we looked at the differences in offered capacity between the immediate pre-crisis and the present situation. Figure 1 shows, for each of the four major East/West trades out of Asia, the cumulative change in offered capacity over the fill period from mid-December to the present date. We have deliberately not included future capacity as this would overlap with Chinese New Year effects. The cumulative changes up to the present date would therefore more ‘cleanly’ represent the Red Sea impact. (....)