The return of transits through the Red Sea remains uncertain as carriers will continue rerouting via the Cape of Good Hope until it is deemed completely safe.

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Ceasefire in the Middle East has raised hopes of a large-scale return of container ships to the Red Sea.

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German carrier Hapag-Lloyd reported an eight percent increase in earnings at $2.8 billion for 2024 on five percent increase in volumes to 12.5 million TEUs (despite the rerouting of ships via the Cape of Good Hope due to the security situation in the Red Sea and the associated longer voyage times) and stable average freight rate ($1,492/TEU).

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With the whole world talking about the Israel-Palestine ceasefire announcement, it’s expected that supply chain stakeholders will be eyeing any immediate impacts to now well-established routing past the Cape of Good Hope.

#eesea #redsea #capeofgoodhope #israel #palestine #cmacgm #houthis #premieralliance #geminicooperation #suezcanal #shipping

Discover the wonders of a Cape of Good Hope Private Tour, from breathtaking ocean views to diverse wildlife and historic landmarks. Experience personalized exploration as you journey through one of South Africa's most iconic destinations. Make your visit unforgettable with tailored stops and expert insights.

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