The number of containerships diverted from the Suez to the Cape Route has surged to 125 units compared to 44 a week ago, including 16 ships that turned back in the Red Sea to the Med after making their southbound Suez passage. The record number of diversions far exceeds the number of ships that were diverted during the EVER GIVEN incident on the Suez Canal in March 2021 when less than 20 ships were diverted. While the previous Suez blockage in 2021 lasted barely 7 days, the impact of the current