Ultra large box ships and the distorted shipping cycle
Received wisdom – are the wheels coming off?
MSC Orion Photo: Vesselfinder
Tight availability of boxships and equipment, last seen during Covid, is replaying as more and more vessels reroute round the Cape of Good Hope.
Linerlytica’s latest report, issued yesterday, says the capacity of boxships diverted to the Cape route will pass the 5m teu mark within weeks, as avoiding the threat of Houthi attacks continues to absorb record newbuilding deliveries.
Yesterday it was reported that the Houthis claimed to have attacked the MSC Orion, in the Arabian Sea, as well as two ...
Comment on this article
John Gray
April 30, 2024 at 4:20 pmWhen will the Egyptians put pressure on the Iranian’s/Houthi’s to end the conflict? They cannot afford to continue to lose multiple millions of dollars daily in lost Suez Canal transit fees.