Cape of Good Hope

Cape of Good Hope Routings Slow Down As Oil Rebounds!

industrial port with containers

According to a LoadStar article written by Mike Wackett, all three east-west vessel-sharing alliances have continued to route some vessels via the Cape of Good Hope to avoid Suez Canal fees, despite discounts that kicked in on 1 May.

The Carbon Footprint Challenge

However, several shippers have complained about the additional carbon footprint the extended journeys generate.

For example, a voyage from Asia to North Europe via the Cape adds some 3,000 miles and five to...

https://mfame.guru/cape-of-good-hope-routings-slow-down-as-oil-rebounds/

Carbon footprint concern and rising bunker prices slow Cape routings

All three east-west vessel-sharing alliances have continued to route some vessels via the Cape of Good Hope to avoid Suez Canal fees, despite discounts that kicked in on 1 May.
However, several shippers have complained about the additional carbon footprint the extended journeys generate.
For example, a voyage from Asia to North Europe via the Cape adds some 3,000 miles and five to 10 days to the transit time, resulting in the …

The post Carbon footprint concern and rising bunker prices slow Cape...

https://theloadstar.com/carbon-footprint-concern-and-rising-bunker-prices-slow-cape-routings/

Oil Tankers Favouring Cape of Good Hope Route To Cut Costs

Cape ot Good Hope Route
  • Supertanker New Vigorous arrived at a port in northern France Cape of Good Hope.
  • The journey takes almost twice the time as the usual route through the Suez Canal.
  • An increasing number of supertankers are taking the long route ahead.
  • Tankers are piling up as suppliers deal with the largest glut the world.
  • Storage options are running out with fuel at historically low prices.
  • It is cheaper than canals where tolls can run into the hundreds of thousands of dollars.
  • Suez canal temporarily increased...

https://mfame.guru/oil-tankers-favouring-cape-of-good-hope-route-to-cut-costs/

Hapag-Lloyd cutting costs while riding out pandemic

Hapag-Lloyd CEO Rolf Habben Jansen said while the German container line is well positioned to weather the coronavirus pandemic, it is cutting costs this year by a “middle-three-digit million-dollar number.”

In addition to blanking sailings, “we’re also restructuring services to mitigate costs and taking a whole variety of other measures as well. One of the ones that’s been the most public is, for example, trying to avoid the Suez Canal in some cases,” Jansen said during a press briefing...

https://www.freightwaves.com/news/hapag-lloyd-cutting-costs-while-riding-out-pandemic

Lines using cheaper Cape of Good Hope route will cost Suez Canal $10m

The Suez Canal Authority (SCA) is set to lose over $10m in revenue from container lines routing vessels via the Cape of Good Hope rather than its waterway.
According to new Alphaliner research, “the number of containerships that have opted to use the Cape route and bypass the Suez Canal has risen to a historic peace-time high,” including at least 20 sailings on the Asia-Europe, Europe-Asia and North America east coast-Asia …

The post Lines using cheaper Cape of Good Hope route will cost Suez...

https://theloadstar.com/lines-using-cheaper-cape-of-good-hope-route-will-cost-suez-canal-10m/

CMA CGM Containership Reroutes Around Cape of Good Hope, Bypasses Suez Canal

  • CMA CGM ULCS has bypassed the Suez canal and traveled around Cape of Good Hope.
  • The movement has added some 3,000 miles and five days to the journey.
  • The detour of the CMA CGM Alexander Von Humbolt was pointed out by Lars Jensen.
  • The re-routing of the Alexander Von Humbolt comes amid a historic crash in oil prices.
  • The canal already has a 45-65% discount scheme for USEC vessels to prevent re-routing.
  • Few days they announced a 6% discount for European vessels.

According to an article published...

http://mfame.guru/cma-cgm-containership-reroutes-around-cape-of-good-hope-bypasses-suez-canal/

Carriers eye huge savings by giving Suez a miss and going the long way round

With shippers seeking longer transit times during coronavirus lockdowns, The Loadstar understands that carriers are considering routing some Asia-North Europe headhaul voyages via the Cape of Good Hope.
It was reported last week that CMA CGM had re-routed its 16,020 teu CMA CGM Alexander Humboldt to Asia via South Africa, taking advantage of plummeting bunker prices and saving Suez Canal tolls.
According to Vessel Finder AIS data, the scrubber-fitted ship was recorded this …

The post Carriers...

https://theloadstar.com/carriers-eye-huge-savings-by-giving-suez-a-miss-and-going-the-long-way-round/

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