THE SUEZ COMEBACK: Who Really Benefits from the Return to the Red Sea?
THE SUEZ COMEBACK: Who Really Benefits from the Return to the Red Sea? Core thesis: After months of crisis caused by Houthi attacks in the Red Sea, some container ships are beginning to return through the Suez Canal. International media have hailed it as a sign of recovery. However, behind the narrative of optimism lies a cold business calculation: transit time, insurance premiums, freight rates, and geopolitical risk. This article is not about accusing anyone. It is an investigation into who actually bears the risk and who reaps the profits when the world's shipping routes start turning again. --- HOOK A giant European-flagged container ship re-enters the Suez Canal. The world welcomes it with cheers. After more than two years of ships detouring far around the Cape of Good Hope due to Houthi attacks, the return of vessels to the shortest Asia-Europe route is considered a victory. But let's ask: Has the war risk truly disappeared? Or has that risk now simply been converted into...