Carriers

Spot rate increases significantly outpace higher costs for carriers

The trip south of the Cape of Good Hope has caused operating costs for shipping companies to increase by around 50%, according to Alphaliner.
"Diversions around the Cape of Good Hope have increased shipping companies’ operating costs by approximately 50% - considerably less than rate rises seen in the same period," writes Alphaliner. | Photo: Paul Chinn/AP/Ritzau Scanpix
"Diversions around the Cape of Good Hope have increased shipping companies’ operating costs by approximately 50% - considerably less than rate rises seen in the same period," writes Alphaliner. | Photo: Paul Chinn/AP/Ritzau Scanpix
by LIV ALMER

Freight rates for ships sailing south of Africa’s Cape of Good Hope now exceed the additional costs of the significantly longer journey, according to the analysis house Alphaliner.

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