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New routes for container vessels set to boost demand for fuel

The more than 100 merchant ships sailing south of Africa to avoid attacks in the Red Sea will increase bunker demand in African ports, says research firm.
The CMA CGM Palais Royal, the world's largest container ship powered by natural gas, sails in the Bay of Marseille in the south of France on Dec. 14, 2023. CMA CGM announced on Dec.16, 2023, that it, like Maersk and Hapag-Lloyd, will suspend sailings in the Red Sea following attacks on ships by Yemen's Houthi rebels. | Photo: Christophe Simon
The CMA CGM Palais Royal, the world's largest container ship powered by natural gas, sails in the Bay of Marseille in the south of France on Dec. 14, 2023. CMA CGM announced on Dec.16, 2023, that it, like Maersk and Hapag-Lloyd, will suspend sailings in the Red Sea following attacks on ships by Yemen's Houthi rebels. | Photo: Christophe Simon
by DAG HOLMSTAD, SEBASTIAN SCHLÜTER JACOBSEN, LIV ALMER

The crisis in the Red Sea has sent well over 100 container ships on an unexpectedly long voyage around Africa, which will boost global demand for marine fuels, according to research house Global Risk Management.

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