We are now more than half a year on from the beginning of the Red Sea crisis, and the severe impact on the container shipping industry continues unabated. Figure 1 shows the number of deep-sea port calls in the major regions closest to the Suez Canal – East Mediterranean (East MED), Gulf of Aden, and the Red Sea itself. While the total number of monthly deep-sea port calls in East MED were already trending downwards pre-crisis, the M/M drop in January 2024 was quite significant at -22%. Compared to the pre-crisis average, the drop in 2024 has been -33%. A similar -33% drop in the average monthly calls was also seen for the Gulf of Aden, from roughly 100 monthly calls to 60-70 in 2024. (....)