Many shipping companies, including Mediterranean Shipping, Maersk, COSCO Shipping, and Orient Overseas Shipping, have chosen to detour to the Cape of Good Hope. A number of freight forwarding companies told reporters that they have received a number of shipping companies to update the spot market freight declaration, in early January next year, a number of European routes and Mediterranean routes have doubled compared with the end of December.
The Paper reporter reported that many shipping companies, including Mediterranean Shipping, Maersk, COSCO Shipping, Orient Overseas Shipping, Hapag-Lloyd, CMA CGM, ONE, Hyundai Merchant Marine, Wanhai, Yang Ming Shipping, Nile Shipping, and American ** Steamship, chose to detour to the Cape of Good Hope. A number of freight forwarding companies told reporters that they have received a number of shipping companies to update the spot market freight declaration, in early January next year, a number of European routes and Mediterranean routes have doubled compared with the end of December.
Yemen's Houthi rebels have taken a hard line and refused to talk to the United States, saying they will not stop attacking ships in the Red Sea, indicating that the impact of the Red Sea geopolitical conflict will not be eliminated in the short term. According to public data, 12% of the world's ** shipments pass through the Red Sea region. Ships that originally needed to pass through the Red Sea route chose to be rerouted to the Cape of Good Hope in Africa after re-routing, and long-distance voyages will greatly reduce the capacity of the shipping market, which will drive a significant increase in ocean freight rates.
According to the theme database of the 1 Finance Associated Press, among the relevant listed companies:
As of June 30, 2022, COSCO SHIPPING Energy has a total capacity of 161 tankers with a capacity of 23.65 million dwt, and its joint ventures and associated companies have a total capacity of 14 tankers with a capacity of 830,000 dwt.
Ningbo COSCO is a comprehensive shipping company, mainly engaged in international, coastal and Yangtze River route shipping business, ship business and dry bulk cargo business.
Relevancy**. COSCO SHIPPING Energy Ningbo COSCO.