ShippingWatch

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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs