Two killed after Houthi attacks resume on merchant ships
Insurance premiums look set to spike for the few carriers braving Red Sea transits, after ...
© Andrii Yalanskyi
By Mike Wackett
Container spot rates from Asia to Europe have been falling again this week, while rates on the transpacific are beginning to ease, but for both tradelanes spot rates remain significantly elevated.
After a loss-making fourth quarter of 2023 ocean carriers have moved ...
Comment on this article
Marcus Horner
February 03, 2024 at 10:35 amI remember reading some years ago that sailing around Africa was actually lower cost than through Suez due to the price of Suez transit vs fuel and labour on a longer route. Oil prices are higher now, but have you done the maths on whether the cost is actually higher?
Mike Wackett
February 05, 2024 at 1:07 pmHi Marcus – my back of a cigarette packet calculations:
The Suez toll for a fully-loaded 24,000 teu vessel, around $800,000.
Against 10 days @ 150 ton x $500 = $750,000.
So not much in it – but 2 more ships needed per loop.