In an effort to keep container vessels transiting its waterway the Suez Canal Authority has cut its vessel transit rates, by up to 75% for some ships.
A number of vessel owners have taken advantage of the low cost of bunker fuel, the price of which has fallen following the collapse of crude oil prices earlier this year. By sending ships around the African Cape owners can save Suez Canal charges and use vessel capacity which would otherwise be idle.
Simon Heaney senior manager, container research...
https://container-news.com/sca-seeks-to-head-off-ships-diverting-via-cape-of-good-hope/