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LETH Newsletter November 2026

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12.11.2026

NEWSLETTER www.lethagencies.com YOUR PREFERRED AGENT IN MARITIME HOTSPOTS NOVEMBER 2026Issue 025 Welcome to this month’s update from LETH! As the maritime industry navigates new challenges, we’re here to keep you informed on the latest developments and updates. Featured This Month: •Panama Canal Update•Middle East Update•Suez Canal Transit Experience•Suez Canal Update In Ambrey, our Risk Advisory team closely monitors the Middle East developments to aid our clients with insights and operational recommendations. The security environment in the Red Sea remained volatile throughout October, with continued Houthi activity directed towards Saudi Arabian energy infrastructure. On 27 October, three unmanned aerial vehicles (UAVs) were reportedly intercepted while heading towards southern Saudi Arabia. On 28 October, the Houthis claimed to have attacked Aramco facilities at Yanbu and the Shaybah oil field. Saudi authorities subsequently stated that neither facility had sustained damage, indicating that the reported attacks had not resulted in any confirmed disruption to energy infrastructure. On 1 November, Saudi forces conducted a strike against the Houthi-controlled port of Ras Isa, Yemen, as part of a wider operation that also targeted an inland telecommunications facility. The Houthis claimed that one merchant vessel had been targeted and that four individuals were injured at the port. EGYPT MIDDLE EAST UPDATE Update from our analyst at Ambrey Suez Canal Transit Experience Despite the absence of reported Houthi attacks against merchant vessels during this period, the group’s stated intent to target Saudi-linked shipping remained unchanged. The lack of direct maritime incidents should therefore not be interpreted as a reduction in the underlying threat to commercial shipping in the region. No fatalities or environmental pollution were reported. Notably, the Houthis did not launch a direct retaliatory response against Saudi ports or merchant shipping following the strike. However, on 2 November, further claims emerged that the Houthis had launched attacks towards southern Saudi Arabia. Average Weekly Suez Canal Transits: Q4/2026 Source: Lloyds AIS, Observed Data Suez Canal Per WeekTotalNorthboundSouthbound Crude Tanker Product Tanker Dry BulkContainerLPG LNGChemicals RoRo/ Vehicle Carrier Gen Cargo/ MPP Other Weekly Average Q4 26 (Week 40-52) 331.60172.60 159.00 89.60 5.00 65.80 71.60 5.40 5.80 38.00 13.40 23.20 13.80 Weekly Average Q3 26 (Week 27-39) +22.5 +17.8 +4.8+8.8 -0.8-11.3 +27.1-1.0 -3.8 +0.2+1.2 +1.1 -0.6 Our colleagues Olivia (LST Operations), Ludvig (LDS Operations), Amanda (Commercial Manager, China) and Bertine (LST Accounting) recently had the chance to join SC Shipping’s SC Diamond for a Suez Canal transit. Experiencing a canal passage from onboard gave them a first-hand look at how a transit actually unfolds, and at what day-to-day vessel operations involve. They were able to observe and take part in several parts of the journey, including pilot embarkation, a walkthrough of the vessel and engine room, and time on the bridge following navigation through the canal. Just as valuable were the open conversations with the Captain, pilots and crew, who shared their experience of navigating the canal and what matters most to them in daily operations. For a team spanning operations, commercial and accounting, an experience like this is invaluable. It gives us real-world context for the work we do from the office and strengthens our ability to support our clients and partners during their canal transits. We would like to extend our thanks to SC Shipping for welcoming our colleagues onboard SC Diamond. A big thank you also to the Captain and crew for their hospitality and for making everyone feel so welcome during the transit. Our colleagues Olivia (LST Operations), Ludvig (LDS Operations), Amanda (Commercial Manager, China) and Bertine (LST Accounting) recently had the chance to join SC Shipping’s SC Diamond for a Suez Canal transit. Experiencing a canal passage from onboard gave them a first-hand look at how a transit actually unfolds, and at what day-to-day vessel operations involve. They were able to observe and take part in several parts of the journey, including pilot embarkation, a walkthrough of the vessel and engine room, and time on the bridge following navigation through the canal. For a team spanning operations, commercial and accounting, an experience like this is invaluable. It gives us real-world context for the work we do from the office and strengthens our ability to support our clients and partners during their canal transits. We would like to extend our thanks to SC Shipping for welcoming our colleagues onboard SC Diamond. A big thank you also to the Captain and crew for their hospitality and for making everyone feel so welcome during the transit. Just as valuable were the open conversations with the Captain, pilots and crew, who shared their experience of navigating the canal and what matters most to them in daily operations. MaltaPanama SpainGibraltarDenmarkEgyptSingaporeTurkey LETH NEWSLETTER NOV 2026 PANAMA Advisory to Shipping No. A-42-2026 Auction Amounts by Vessel Size If you have questions about the statistics in this article or require further information, please reach out to our team at: [email protected] Meet LETH at Breakbulk Asia LETH will be attending Breakbulk Asia on 18-19 November 2026, with Nicolay Jervell, Iffah Imran and Amanda Yuan representing LETH at the event. Together, our team brings a wealth of experience across operations, commercial and management, and is ready to discuss your project cargo, breakbulk, and other needs. Meeting us at Breakbulk Asia? Feel free to reach out to Nicolay, Iffah or Amanda to arrange a meeting: [email protected], Iff[email protected] and [email protected]. We look forward to connecting with customers, partners and industry colleagues in Singapore. See you there! Supported by improving water conditions, favorable hydrological projections and the effectiveness of the water-saving measures at the locks, the ACP has added one more daily slot for Supers at the Panamax Locks. Daily capacity in the Super category rises from 18 to 19, bringing total capacity to 34 transit slots per day across the Neopanamax and Panamax Locks. The additional slot will be offered through Booking Period 3 (Auction) for dates from 12 to 17 November, and through Booking Period 2 (Special Competition) for 18 to 23 November and for all dates from 24 November onward. Based on the current and projected level of Gatun Lake, the maximum authorized draft at the Neopanamax Locks is now 15.24 m (50.0 ft) until further notice. The booking system remains the only way to guarantee a transit date, so vessels without a reservation may face extremely extensive delays. For booking dates beginning November 12, 2026, until further notice:
NEWSLETTER www.lethagencies.com YOUR PREFERRED AGENT IN MARITIME HOTSPOTS NOVEMBER 2026Issue 025 Welcome to this month’s update from LETH! As the maritime industry navigates new challenges, we’re here to keep you informed on the latest developments and updates. Featured This Month: •Panama Canal Update•Middle East Update•Suez Canal Transit Experience•Suez Canal Update In Ambrey, our Risk Advisory team closely monitors the Middle East developments to aid our clients with insights and operational recommendations. The security environment in the Red Sea remained volatile throughout October, with continued Houthi activity directed towards Saudi Arabian energy infrastructure. On 27 October, three unmanned aerial vehicles (UAVs) were reportedly intercepted while heading towards southern Saudi Arabia. On 28 October, the Houthis claimed to have attacked Aramco facilities at Yanbu and the Shaybah oil field. Saudi authorities subsequently stated that neither facility had sustained damage, indicating that the reported attacks had not resulted in any confirmed disruption to energy infrastructure. On 1 November, Saudi forces conducted a strike against the Houthi-controlled port of Ras Isa, Yemen, as part of a wider operation that also targeted an inland telecommunications facility. The Houthis claimed that one merchant vessel had been targeted and that four individuals were injured at the port. EGYPT MIDDLE EAST UPDATE Update from our analyst at Ambrey Suez Canal Transit Experience Despite the absence of reported Houthi attacks against merchant vessels during this period, the group’s stated intent to target Saudi-linked shipping remained unchanged. The lack of direct maritime incidents should therefore not be interpreted as a reduction in the underlying threat to commercial shipping in the region. No fatalities or environmental pollution were reported. Notably, the Houthis did not launch a direct retaliatory response against Saudi ports or merchant shipping following the strike. However, on 2 November, further claims emerged that the Houthis had launched attacks towards southern Saudi Arabia. Average Weekly Suez Canal Transits: Q4/2026 Source: Lloyds AIS, Observed Data Suez Canal Per WeekTotalNorthboundSouthbound Crude Tanker Product Tanker Dry BulkContainerLPG LNGChemicals RoRo/ Vehicle Carrier Gen Cargo/ MPP Other Weekly Average Q4 26 (Week 40-52) 331.60172.60 159.00 89.60 5.00 65.80 71.60 5.40 5.80 38.00 13.40 23.20 13.80 Weekly Average Q3 26 (Week 27-39) +22.5 +17.8 +4.8+8.8 -0.8-11.3 +27.1-1.0 -3.8 +0.2+1.2 +1.1 -0.6 Our colleagues Olivia (LST Operations), Ludvig (LDS Operations), Amanda (Commercial Manager, China) and Bertine (LST Accounting) recently had the chance to join SC Shipping’s SC Diamond for a Suez Canal transit. Experiencing a canal passage from onboard gave them a first-hand look at how a transit actually unfolds, and at what day-to-day vessel operations involve. They were able to observe and take part in several parts of the journey, including pilot embarkation, a walkthrough of the vessel and engine room, and time on the bridge following navigation through the canal. Just as valuable were the open conversations with the Captain, pilots and crew, who shared their experience of navigating the canal and what matters most to them in daily operations. For a team spanning operations, commercial and accounting, an experience like this is invaluable. It gives us real-world context for the work we do from the office and strengthens our ability to support our clients and partners during their canal transits. We would like to extend our thanks to SC Shipping for welcoming our colleagues onboard SC Diamond. A big thank you also to the Captain and crew for their hospitality and for making everyone feel so welcome during the transit. Our colleagues Olivia (LST Operations), Ludvig (LDS Operations), Amanda (Commercial Manager, China) and Bertine (LST Accounting) recently had the chance to join SC Shipping’s SC Diamond for a Suez Canal transit. Experiencing a canal passage from onboard gave them a first-hand look at how a transit actually unfolds, and at what day-to-day vessel operations involve. They were able to observe and take part in several parts of the journey, including pilot embarkation, a walkthrough of the vessel and engine room, and time on the bridge following navigation through the canal. For a team spanning operations, commercial and accounting, an experience like this is invaluable. It gives us real-world context for the work we do from the office and strengthens our ability to support our clients and partners during their canal transits. We would like to extend our thanks to SC Shipping for welcoming our colleagues onboard SC Diamond. A big thank you also to the Captain and crew for their hospitality and for making everyone feel so welcome during the transit. Just as valuable were the open conversations with the Captain, pilots and crew, who shared their experience of navigating the canal and what matters most to them in daily operations. MaltaPanama SpainGibraltarDenmarkEgyptSingaporeTurkey LETH NEWSLETTER NOV 2026 PANAMA Advisory to Shipping No. A-42-2026 Auction Amounts by Vessel Size If you have questions about the statistics in this article or require further information, please reach out to our team at: [email protected] Meet LETH at Breakbulk Asia LETH will be attending Breakbulk Asia on 18-19 November 2026, with Nicolay Jervell, Iffah Imran and Amanda Yuan representing LETH at the event. Together, our team brings a wealth of experience across operations, commercial and management, and is ready to discuss your project cargo, breakbulk, and other needs. Meeting us at Breakbulk Asia? Feel free to reach out to Nicolay, Iffah or Amanda to arrange a meeting: [email protected], Iff[email protected] and [email protected]. We look forward to connecting with customers, partners and industry colleagues in Singapore. See you there! Supported by improving water conditions, favorable hydrological projections and the effectiveness of the water-saving measures at the locks, the ACP has added one more daily slot for Supers at the Panamax Locks. Daily capacity in the Super category rises from 18 to 19, bringing total capacity to 34 transit slots per day across the Neopanamax and Panamax Locks. The additional slot will be offered through Booking Period 3 (Auction) for dates from 12 to 17 November, and through Booking Period 2 (Special Competition) for 18 to 23 November and for all dates from 24 November onward. Based on the current and projected level of Gatun Lake, the maximum authorized draft at the Neopanamax Locks is now 15.24 m (50.0 ft) until further notice. The booking system remains the only way to guarantee a transit date, so vessels without a reservation may face extremely extensive delays. For booking dates beginning November 12, 2026, until further notice: