The turmoil at both ends of the Suez and Panama passage have forced
containerships to divert from their regular routes, as ships linked to Israeli
interests are avoiding the Red Sea passage through the Suez Canal even as some
of the neo-panamax ships on the Far East-US East routes are shifting to the Suez
route to avoid the congested Panama Canal. While these moves will help to absorb
some of the surplus ships, the impact is limited at this stage as it affects
less than 2% of the overall fleet.