Right now, most container sea traffic is going around Cape Horn rather than risking the Red Sea. China is working on the Belt and Road scheme to move container traffic from China to Europe to rail.
I know almost nothing about these places, despite an Azerbaijani coworker, so this may be unrealistic for other reasons.
I can imagine year 2060 when there is a magnetic rail link between Asia and Europe. Only some commodities like wheat go through Suez.