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An extra 4,000 miles around Africa is needed to navigate through the Cape of Good Hope. Shipping companies divert the traffic since it is a safer route to pass through
Vessels pass through the Red Sea bypassing the Suez Canal and navigate around South Africa’s Cape of Good Hope, increasing the turnaround time. This has affected the shipping route adding another 15 hours to their journeys and jacking up cargo rates.
An extra 4,000 miles around Africa is needed to navigate through the Cape of Good Hope. Shipping companies divert the traffic since it is a safer route to pass through.
Also, the closure of the Algoa Bay bunkering zone on the Indian Ocean forced the ships to take this route. The increased bunkering in the Port of Good Hope is attributed to the closure of Algoa Bay, which has brought about sudden economic benefits to the southern part of South Africa.
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Alan Winde, the premier of the Western Cape, emphasized the need for efficient operations and maximizing the economic opportunities presented by this unexpected windfall. In general, the present turmoil has presented South Africa with unexpected economic benefits, when the country has been wishing for an economic recovery.
