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Ocean Freight

Red Sea diversions via Cape of Good Hope keep effective capacity tight

Source: LogisticsWall / TrasportoEuropa · 2026-07-03
Summary

Most major carriers continue routing vessels around the Cape of Good Hope rather than the Red Sea, adding thousands of nautical miles per round voyage. The longer cycles, combined with port congestion, have absorbed much of the newbuilding capacity, keeping effective capacity — not nominal fleet size — the key rate driver.

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