Container ships ditch Suez and Panama and speed up
Without garnering much attention, numerous container carriers are now taking the long way south of Africa instead of using either the Suez or Panama Canal. Significant perspectives in light of the low oil price, estimates SeaIntel.
BY OLE ANDERSEN
Several container carriers have - increasingly without garnering significant attention - started opting for the longer journey south of Africa instead of using either the Suez or Panama Canal on the so-called back-haul legs on routes between the US East Coast and Asia. Most recently, the two major container alliances Ocean Three and CKYHE have rerouted three services between Asia and North Europe, notes analyst firm SeaIntel in its latest Sunday Spotlight newsletter.
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