According to this report in Splash247, shipping lines are pulling out a tactic last used in the dark days of the global financial crisis: sending Asia-North Europe vessels via the Cape of Good Hope rather than transit the Suez Canal. The strategy has two effects – it saves a $500,000 transit fee and the longer sailing time soaks up unwanted capacity. “Most of the cargo would simply take up storage …
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https://theloadstar.com/cma-cgm-sends-asia-europe-box-ships-via-the-cape/