Cape of Good Hope Photo 152860211 © Mariagroth Dreamstime.com
© Mariagroth

This story was altered at 2:15 on 14 December.

Carriers hit by slow demand, causing overcapacity and plummeting freight rates, are diverting Europe-to-Asia vessels around the Cape of Good Hope, effectively cutting capacity, but increasing greenhouse gas (GHG) emissions and saving on canal fees.

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