Carriers

South of Africa detour makes carriers' ETS costs soar

The Cape of Good Hope route has reportedly tripled bunker oil consumption due to the longer distance and an increase in sailing speed.
A new quota scheme has come into force in the EU, making it a bad time to burn more fossil fuels. | Photo: Amr Abdallah Dalsh/Reuters/Ritzau Scanpix
A new quota scheme has come into force in the EU, making it a bad time to burn more fossil fuels. | Photo: Amr Abdallah Dalsh/Reuters/Ritzau Scanpix
by LIV ALMER

It comes as no surprise to anyone that the Red Sea crisis is going to cost both shipping companies and customers in terms of money.

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