shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » MAERSK, MSC, CMA CGM, Others Reroute to Safe Cost

MAERSK, MSC, CMA CGM, Others Reroute to Safe Cost

by Joshua
February 22, 2009
in Uncategorized

Multinational shipping lines have commenced a reordering of their voyages in deliberate moves to cut sailing costs and avoid expensive routes
It seemed a pretty radical move when first Maersk then MSC and CMA CGM and a number of other lines announced they would re-route eastbound shipping around the Cape of Good Hope to avoid the higher costs of sailing through the troubled Horn of Africa region and then paying the high Suez Canal costs.
The high costs were influenced by Suez Canal fees and heavy insurance premiums on sailing through pirate-infested waters near the Horn of Africa. A surcharge on containers helped redress the additional costs with westbound sailings but eastbound movements are too lightly loaded to make up the additional costs. Hence the decision to go the longer route via the Cape, avoid both canal and insurance fees and steam at slower speeds to conserve fuel.
The economics of this decision reveal this to be more than feasible and ships are already on their diverted courses, with the first having passed the Cape already and one, the 9,800-TEU MSC Lisbon actually putting into Cape Town to uplift empty containers for re-positioning.
Now comes news that French carrier CMA CGM intends diverting ships away from the Panama Canal on its PEX 2 service between the Caribbean and Asia and will instead sail the longer and slower route via the Cape of Good Hope on the homeward leg between Asia and the Caribbean.
Nine 4,000-TEU vessels are currently employed on the PEX 2 service but CMA CGM will add an additional ship because of the slower journey, but says it will still make considerable savings given the approximate $ 350,000 cost of transiting the Panama Canal for a ship of this size.
The revised PEX 2 revised port rotation eastbound from Trinidad is now essentially a circumnavigation voyage calling at Port of Spain, Keelung (optional), Hong Kong, Kaohsiung, Ningbo, Chiwan, Shanghai and Pusan.
The service then crosses the Pacific to call at Ensenada, Manzanillo (Mexico), Panama Canal, Manzanillo (Panama), Kingston, Caucedo, Puerto Cabello, Port of Spain, and then east to Africa. The Port of Manzanillo, Panama, is dropped from the end of the PEX2 rotation before the eastbound leg to Africa.

Related Posts

ECOWAS Electricity Agency Assures Of Stable, Affordable Power Across W/Africa From 2023

FG Urges Entrepreneurs To Embrace ECOWAS Trade Scheme

May 19, 2023
Nigeria Targets Over $500 Million From Cashew Export

Weekly Global Marine Incidents May 8, 2023

May 8, 2023
Stock Exchange Closes Week With 24 Gainers 27 Losers

Stock Exchange Closes Week With 24 Gainers 27 Losers

May 1, 2023
Investors Buyout Norwegian Car Carriers from Klaveness

Investors Buyout Norwegian Car Carriers from Klaveness

May 1, 2023

Discussion about this post

Latest News

Shipping Can’t Be Developed Through Politicking – Jolapamo 

Shipping Can’t Be Developed Through Politicking – Jolapamo 

June 3, 2023

Nigeria-Indonesia Trade Grew To $4.7bn In 2022 – Chamber

MWUN To Paralyse Port Operations Over Welfare Of Workers In Shipping Sector

Reps Back Planned Disbursement Of CVFF

NIMASA Calls For Review Of Trade Terms From FOB To CIF

Ex – Shippers Council Bosses Bag National Award

APFFLON Urges Tinubu To Come Up With Blueprint That Will Strengthen AFCFTA 

VESSELS EXPECTED AT LAGOS PORTS AS AT FRIDAY 2ND JUNE, 2023

AfCFTA: Kenya To Scrap Visa Fees For Africa Traders

Customs Initiates New Fast Track Method For Compliant Importers

NEITI Hails Fuel Subsidy Removal, Offers 8 Strategic Considerations

Officer of the Order of the Niger: For Hassan Bello, It’s A Honour Well Deserved

kindly like our Facebook page

Health

FG To Place 80% Hypertensive Nigerians On Standard Treatment
Health

FG To Place 80% Hypertensive Nigerians On Standard Treatment

May 22, 2023

The Federal Government said it has instituted strategic interventions at the Tertiary, Secondary, and Primary Health Care levels to screen...

High Blood Pressure Explained

High Blood Pressure Explained

May 22, 2023
Some Impressive Health Benefits Of Onions That May Interest You

Some Impressive Health Benefits Of Onions That May Interest You

May 22, 2023
Failed IVF Cycles Not End Of Parenthood Journey

Failed IVF Cycles Not End Of Parenthood Journey

May 15, 2023
COVID-19: Fifth Wave Looms As Nigeria Records Three Deaths In One Week

COVID-19: Nigeria Embarks On Integrated Health Emergency

May 15, 2023
Some Health Benefits Of Eating Groundnuts (Peanuts)

Some Health Benefits Of Eating Groundnuts (Peanuts)

May 15, 2023
BEWARE: Too Much Sex Is Bad For You!

DANGER: Why Sudden Death Happens During Sex – Expert

May 8, 2023
Five Early Warning Signs Of Pancreatic Cancer That Could Save A Life

Five Early Warning Signs Of Pancreatic Cancer That Could Save A Life

May 8, 2023
All You Need To Know About Snoring

All You Need To Know About Snoring

May 1, 2023
Salt: Why You Need It, How Much Is Too Much, and How to Cut Back

Salt: Why You Need It, How Much Is Too Much, and How to Cut Back

May 1, 2023

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition