News / Canals feel the ripples of the container shipping crisis as vessels go the long way round

The Panama and Suez canals could be the next institutions to be affected by the ongoing crisis in the container shipping industry, according to new analysis from Africa ports analyst and monitoring service portoverview.com

The twin factors of cellular overcapacity and rock-bottom bunker costs have, over the past year, led carriers to divert multiple sailings away from the world’s two principal trade arteries and reroute vessels around the southern African cape.

Its six-month report for the second half of 2015 quoted analysis ...