Suez Canal

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/

Port of LA chief: ‘We will need to reinvent ourselves’

The Port of Los Angeles loses approximately $400,000 in revenue with each canceled sailing. With 28 blanked sailings forecast for the remainder of the second quarter through June 30, that’s $11.2 million in revenue the port won’t collect.

“But the story is much greater than that,” said Port of LA Executive Director Gene Seroka of the coronavirus pandemic. “So many folks now are seeing the impacts, whether it be on quarterly earnings announcements, their decisions on personnel, what we see in the...

https://www.freightwaves.com/news/port-of-la-chief-we-will-need-to-reinvent-ourselves

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

Suez and Panama Canals Offers Inducements To Keep Ships Transiting

  • Shipowners opt to take “the long way round” to avoid expensive canal transit fees.
  • Authorities of both canals offer inducements to owners to keep using their respective waterways.
  • Suez Canal had decided offer rebates of between 60% and 75% on certain routes.
  • Panama Canal has adjusted its reservation system such that ships can settle the charge up until when they enter the canal. 

Suez and Panama Canals cut owners’ breaks to keep ships transiting as shipowners opt to take “the long way round”...

http://mfame.guru/suez-and-panama-canals-offers-inducements-to-keep-ships-transiting/

Low Bunker Prices Aiding in Carriers Rerouting Bypassing the Suez Canal!

According to a LoadStar article written by Mike Wackett, with shippers seeking longer transit times during coronavirus lockdowns, carriers are considering routing some Asia-North Europe headhaul voyages via the Cape of Good Hope.

Rerouting Has Begun

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...

http://mfame.guru/low-bunker-prices-aiding-in-carriers-rerouting-bypassing-the-suez-canal/

Corona Infected Cruise Remotely Piloted Through Suez Canal!

In a major development, a cruise ship with at least reported 65 cases of coronavirus onboard was piloted remotely through the Suez Canal, reports MarineLink

How did it happen?

On March 23, a pilotage team aboard two escort tugs remotely piloted Italian passenger ship Costa Diadema during a northbound convoy through the new Suez Canal, while the ship was sailing without passengers from from the United Arab Emirates to Italy.

In addition to four senior pilots to guide the vessel on two escorting...

http://mfame.guru/corona-infected-cruise-remotely-piloted-through-suez-canal/

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/

CMA CGM vessel changes route to avoid Suez Canal tolls

An ultra-large containership belonging to CMA CGM is bypassing the Suez Canal while returning to Asia, adding about 3,000 miles and five days to the journey as impacts of COVID-19 and low oil prices ripple across the supply chains.

Specifically, Lars Jensen, CEO of SeaIntelligence Consulting, published through Linkedin that the 16,022 TEU capacity CMA CGM Alexander Von Humbolt last called in Algeciras, Spain on March 27 and was last tracked underway off of West Africa as of March 31.

The vessel...

https://safety4sea.com/cma-cgm-vessel-changes-route-to-avoid-suez-canal-tolls/

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