{"id":56995,"date":"2020-05-07T05:00:28","date_gmt":"2020-05-07T09:00:28","guid":{"rendered":"https:\/\/quotulatiousness.ca\/blog\/?p=56995"},"modified":"2020-05-06T19:40:30","modified_gmt":"2020-05-06T23:40:30","slug":"interesting-change-in-shipping-patterns-to-avoid-the-suez-canal","status":"publish","type":"post","link":"https:\/\/quotulatiousness.ca\/blog\/2020\/05\/07\/interesting-change-in-shipping-patterns-to-avoid-the-suez-canal\/","title":{"rendered":"Interesting change in shipping patterns … to avoid<\/em> the Suez canal"},"content":{"rendered":"

Colby Cosh<\/a> linked to this story at gcaptain.com<\/a> which would have been an unbelievable one in the pre-epidemic world:<\/p>\n

\"\"<\/a>

A column of ships along the Suez Canal on 3 December, 2011.
Photo by https:\/\/web.archive.org\/web\/20161022104657\/http:\/\/www.panoramio.com\/user\/2433337?with_photo_id=64163879 via Wikimedia Commons.<\/p><\/div>\n

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.<\/p>\n

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 trades.<\/p>\n

“A unique combination of a container tonnage surplus and rock-bottom bunker prices has increasingly prompted ocean carriers to avoid the canal \u2013 and thus its fees,” the analyst noted today.<\/p>\n

“Rather unusually, even three westbound Asia-Europe headhaul sailings have opted for the Cape route, all operated by CMA CGM.<\/p>\n

“Carriers very rarely choose this longer route for the time-sensitive headhaul, but the low bunker price and lack of demand in European markets, hit by the Covid-19 lockdowns, have suddenly made such moves viable,” it added.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Colby Cosh linked to this story at gcaptain.com which would have been an unbelievable one in the pre-epidemic world: 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 […]<\/p>\n","protected":false},"author":1,"featured_media":35193,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[831,25,370],"tags":[588,1202,61,1284,1363],"class_list":["post-56995","post","type-post","status-publish","format-standard","hentry","category-business","category-economics","category-middle-east","tag-egypt","tag-epidemic","tag-ships","tag-suezcanal","tag-wuhancoronavirus"],"jetpack_featured_media_url":"https:\/\/quotulatiousness.ca\/blog\/wp-content\/uploads\/2016\/06\/favicon.png","jetpack_shortlink":"https:\/\/wp.me\/p2hpV6-ePh","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/56995","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/comments?post=56995"}],"version-history":[{"count":2,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/56995\/revisions"}],"predecessor-version":[{"id":56998,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/posts\/56995\/revisions\/56998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media\/35193"}],"wp:attachment":[{"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/media?parent=56995"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/categories?post=56995"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quotulatiousness.ca\/blog\/wp-json\/wp\/v2\/tags?post=56995"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}