New shipping data indicates a significant decrease in commercial vessel activity on the critical global trade corridor connecting to the Suez Canal, responsible for 12% of international trade and almost one-third of global container traffic. 

Bloomberg data shows only a handful of container ships with destinations in Europe or Asia are sailing through the once-busy Red Sea. These vessels are being rerouted around the Cape of Good Hope. 

New data from Clarkson Research Services Ltd. shows an 82% plunge in the gross tonnage of container ships arriving in the Gulf of Aden in the last four days, compared with the first half of December, according to Bloomberg.