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Two years after Houthi attacks pushed the container trades around the Cape of Good Hope, the largest carriers are transiting the Red Sea again. MSC sent seven boxships through the Suez Canal this month. Maersk returned its MECL service to the trans-Suez route in August, having made its first tentative transit in December. CMA CGM has been running services through the corridor since late last year. What is striking is not that the return is happening. It is how it is happening

There are moments in maritime history that redefine how the industry operates, sometimes just for a season, sometimes for years. We are living through one of them right now. As of today, March 26, 2026, the Strait of Hormuz, the narrow passage between Iran and Oman through which roughly 20 percent of the world's seaborne oil and global LNG once flowed freely, is effectively closed to commercial shipping. This post is an attempt to lay out what happened, where things stand, an