Low oil price sends tankers south of Africa

At least five tanker vessels will opt to sail south of Africa in August and September instead of using Suez, due to a combination of the low bunker price and special conditions in the market for oil products, reports Bloomberg.

A seldom used route has become attractive again. Namely the route south of Africa, which might be 6,400 kilometers longer than the shortcut through the Suez Canal, but this route can now turn out to be a solid business for some ships, reports Bloomberg.

The news agency cites the fact that at least five tanker vessels, according to monitoring data, will call in European ports in August and September transporting diesel and jet fuel from Asia, and the ships will have sailed south of Africa.

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