Cape of Good Hope detours look set to continue until 'August, at least'
The impending network changes made by the big container lines look set to ensure continuation ...
Ren Jian 27, one of the ships on SeaLead's revamped service Photo: Vesselfinder
As well as taking longer, voyages around the Cape of Good Hope mean burning more fuel and emitting more carbon, but cargo research specialist MSI believes carriers are enjoying “disproportionate revenue increases”.
The Loadstar’s Mike Wackett has reported on the enormous recent hikes in $/feu rates – for example, Drewry’s World Container Index (WCI) on Shanghai-Rotterdam increased from $1,442/feu in mid-December, to $3,577 last week.
MSI container market analyst Daniel Richards told The Loadstar that for ...
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