Cape routings increase despite shipper fury
from Lloyd's Loading List
Container lines have continued routing vessels via the Cape of Good Hope this month despite shippers protesting against the needless burning of fuel. Taking advantage of lower bunker costs, carriers are steaming around the Cape to avoid Suez Canal tolls that can total around $700,000 for a fully laden 20,000 TEU capacity container ship. IKEA has led shipper protests, telling Lloyd's Loading List that it would consider not booking slots with lines that continued to use a route it considers incompatible with its sustainable supply chain efforts.
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