World Matime News (72)
February 07, 2024
Almost all ultra-large box tonnage sailing around Cape of Good Hope Ultra-large box tonnage serving the Asia-Europe trade route is now sailing almost exclusively around the Cape of Good Hope in response to Houthi attacks in the Red Sea. Data from Lloyd's List Intelligence show Suez Canal transits by ultra-large containerships have also slowed to a mere trickle amid the exodus, which, in turn, has led to almost a complete rerouting of trade in little over a month. Since the turn of the year, the