Container shipping through the Suez Canal has been severely impacted since late 2023 due to security concerns in the Red Sea related to Houthi attacks, with major carriers rerouting around the Cape of Good Hope. Prior to these concerns, the Suez Canal Authority (SCA) reported 5,847 container ship transits for the full year of 2023, or about 2,923 container ship transits per half-year. Following the Houthi attacks, the number of container ships transiting the canal has dropped significantly, with a reported average of around 874 container ship transits of the canal per half-year in 2024.

This market will resolve to "Yes" if there are 2000 or more container ship transits of the Suez Canal during the first two quarters of 2026. Otherwise, this market will resolve to “No”.

The primary source of resolution for this market will be the Suez Canal Authority (SCA), specifically the number of “Container Ships” reported in the SCA “Quarter Number & Net Ton by Ship Type” reports for Q1 & Q2 2026 (https://www.suezcanal.gov.eg/English/Navigation/Pages/NavigationStatistics.aspx). If this resolution source becomes unavailable, another SCA resolution source may be chosen. If the SCA does not publish specific data on the number of container ship transits of the Suez Canal for the first and second quarters of 2026, or for the first half of 2026, by September 1, 2026, 11:59 PM ET, credible third-party maritime data providers (e.g., IMF PortWatch, Clarkson Research, or Lloyd's List), citing SCA figures or satellite tracking data, will be used to determine the count, with the relevant time period being January 1, 2026 through June 30, 2026.