Widespread blanked sailings stave off major collapse of transpacific rates
Spot rates across all the major east-west deepsea trades continued their downward descent this week, ...
All three east-west vessel-sharing alliances have continued to route some vessels via the Cape of Good Hope to avoid Suez Canal fees, despite discounts that kicked in on 1 May.
However, several shippers have complained about the additional carbon footprint the extended journeys generate.
For example, a voyage from Asia to North Europe via the Cape adds some 3,000 miles and five to 10 days to the transit time, resulting in the ship burning up to 1,000 tons more fuel.
According to one ...
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