Suez Canal loses business to new route south of Africa

It is an expensive affair for the Suez Canal that several container vessels have started sailing around Africa, writes Alphaliner. The analyst firm estimates that it has already cost around USD 10 million.

Photo: Mohamed Abd El Ghany/Reuters/Ritzau Scanpix

The Suez Canal is losing significant business on the container carriers' new route from Europe to Asia, going south of Africa.

Carriers such as Maersk, MSC and CMA CGM have started sailing around the Cape of Good Hope.

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