Some freight traffic has already taken a detour around Africa. It gets expensive, but it’s also not cheap waiting at the mouth of the channel.
World the Suez Canal, very important for freight traffic, was blocked on Sunday for the sixth day. It is not yet known when and how the 400-meter MV Ever Given container vessel stuck in the canal last Tuesday morning will be dismantled and traffic will return to normal.
On Saturday, the news agency AFP released images taken from the plane above the south end of the Suez Canal, showing Ever Given in an almost transverse position a few kilometers from the harbor at the mouth of the canal.
The picture also shows part of the ship congestion waiting for the canal traffic to reopen at the end of the Red Sea.
Director of SCA, the agency that manages the Suez Channel Omar Rabie said on Sunday that the number of vessels waiting for the canal traffic to open had already risen to 369. The increase since Tuesday has been about a couple of hundred ships.
Red Sea and the Mediterranean, a 193.3-kilometer-long canal, accounts for about 12 percent of world trade and an estimated 30 percent of the world’s freight containers. Some shipping companies have already shipped their ships on an alternative route around Africa.
New York Times according to, the journey from the Suez Canal to Europe’s largest port, Rotterdam in the Netherlands, typically takes 11 days by sea. Rounding through the Cape of Good Hope on the southern tip of Africa to the canal brings as many as 26 travel days.
The more direct journey from Asia to Europe will take longer by just over a week on average. Depending on the vessel, the detour will also increase fuel costs by at least tens of thousands of euros, at most by hundreds of thousands. It adds an extra detour the threat of piracy.
Read more: 400-meter container ship still blocking Suez Canal, critical moments for dismantling operation at hand – IS monitors situation
Waiting at the mouth of the canal is also not a particularly attractive option, as freight standstill costs are now as high as USD 15,000 to USD 30,000 (approximately EUR 13,000 to EUR 17,000) per day.
– You are either stuck with the goods and waiting for things to progress, or you choose the expenses and the transportation of the goods and release your ship. People are starting to make decisions, Refinitiv, an analyst at shipping data Amrit Singh | told the New York Times.
Source site www.is.fi