Cosco returns to Red Sea sailings, despite threats from Houthis
The Loadstar · Aug 11, 2026
Bookings are back on for Cosco Red Sea services, the Chinese carrier set to operate a Far East-Red Sea rotation that will see vessels cross the Bab el-Mandeb Strait, despite Iran-backed Yemeni rebel group the Houthis attacking ships in the strait. The decision by Cosco to commence Red Sea sailings continues what Vespucci Maritime CEO Lars Jensen described as “the slow normalisation of the Suez-route”, on the back of CMA CGM, ...
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What this moves
Context or analysis — nothing has stopped moving.
No freight-market transmission has been identified for this story yet. It is listed for context.
The corridor
Suez Canal
Global chokepointEgypt / Red SeaThe Asia–Europe short cut. When it is working, it removes roughly ten days and thousands of miles from the alternative around Africa; when it is not, that distance comes straight back and quietly eats a chunk of the world's usable container capacity.
- Diverting Asia–North Europe services around the Cape of Good Hope adds roughly 3,000–4,000 nautical miles and, in practice, ten days or more each way.
- Those extra days absorb ships without a single vessel leaving the fleet. Effective capacity falls even though nominal capacity is unchanged — the same tightening a large blank-sailing programme produces.
- Longer round trips strand empty containers at the wrong end of the trade, so equipment shortages surface in Asia weeks after the routing change.
- Rerouted services arrive in bunched waves rather than an even cadence, which converts a routing problem into a berth-congestion problem at European and Mediterranean ports.
- Cape of Good Hope — available, reliable, and roughly ten days slower each way on the Asia–Europe leg.
- Asia–Europe rail and air for a small, time-critical share of the volume, at multiples of the ocean cost.
Bab el-Mandeb Strait
Global chokepointRed Sea / Gulf of AdenThe southern gate to the Red Sea, between Yemen and Djibouti. Suez is only useful to a ship that can get through here first, which is why the two are effectively a single routing decision.
- Bab el-Mandeb and Suez are one decision, not two: a carrier avoiding this strait has already given up the canal, so disruption here shows up in Suez transit counts.
- It sits inside the Joint War Committee's listed areas, so hull war-risk premiums and crew-hazard terms are priced per transit rather than absorbed in normal operating cost.
- Vessel-tracking and canal-transit counts move within days of an incident, well before any freight index prints — this is the leading indicator for Asia–Europe cost.
- Cape of Good Hope, with the same ten-days-each-way penalty as a Suez diversion.
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