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Suez Canal Other

Due to increasing costs, but reduced revenues, shipping lines are looking at different options on the Europe/Far East trade lanes.

Two major lines have started routing some vessels via the Cape of Good Hope in order to save the Suez Transit Fee and insurance costs incurred due to the problems with pirates in the Gulf.

Transit times on these sailings are between 7 and 10 days longer than normal.

 

30 January 2009

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