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.

In its weekly report published today, Alphaliner lists 13 such ships – three of which are not confirmed – most belonging to carriers from THE Alliance.

“Based on an exemplary non-stop voyage from Rotterdam to Singapore, the diversion around ...

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