Evergreen returns to Suez, completing the major carriers' comeback

According to the Egyptian Gazette, the 369-metre vessel operates on Ocean Alliance's NEU7 service linking the Far East with north-west Europe. Rabie said the line was planning further sailings in the period ahead. The Gazette describes the transit as part of a northbound convoy while giving the route as the Netherlands to Singapore, so its directional information is internally inconsistent.

The Middle East Observer reports that the canal earned 724 million dollars from 1,490 transits in October, with revenue up 94% and vessel numbers up 32% on October 2025. The same report notes that a temporary 12% surcharge on container ships was introduced in July, without disclosing how much of the increase came from pricing. Annual revenue had fallen from 10.25 billion dollars in 2023 to 3.99 billion dollars in 2024.

Through an insurance lens the return is striking. The Houthis are still striking Saudi Arabia with missiles and drones in November, yet container lines are coming back to the Bab el-Mandeb route. That suggests shipowners now judge the cost of war risk in the Red Sea to be bearable. A current war-risk premium rate for Red Sea transits was not given in the sources and could not be verified.