Container

Crisis could cost liner companies upwards of USD 72m a day

The additional costs for container carriers that normally operate in the Red Sea fall somewhere between USD 4-72m per day, according to Sea-intelligence.
The capacity of the container fleet has decreased significantly since the first shipping lines rerouted south of Africa. | Photo: Amr Nabil/AP/Ritzau Scanpix
The capacity of the container fleet has decreased significantly since the first shipping lines rerouted south of Africa. | Photo: Amr Nabil/AP/Ritzau Scanpix
by LIV ALMER

It is difficult to estimate the exact cost in dollars and cents when container shipping companies have to make the long detour around the Cape of Good Hope on the southern coast of Africa.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs