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dennis hutch's avatar

Hi John,

Thanks for your “costs” perspective on the maritime “protection”, I hadn’t considered that and I guess many everyday people wouldn’t have. But when I looked at the estimate for the diversion my mental mud-map of the world was thinking “15%, surely not”.

According to the US Naval Institute it’s around 33%:

If a container ship is sailing between a southern Chinese port to Rotterdam, the voyage would be 10,000 nm using the Suez Canal; the voyage would be 13,500 nm around the Cape of Good Hope. Depending on ship’s speed, this difference can mean 8 to 12 days additional time along the southern route.

https://www.usni.org/magazines/proceedings/2021/may/suez-canal-and-global-trade-routes

I don’t know how much impact that has on prices, but I would never trust business lobby groups on what that cost is as imo, in general, they lie through their teeth.

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Oliver Mayo's avatar

The Simpsons' tiger-repelling rock is a slightly1 modernised version of the man repelling elephants by tearing up a newspaper and throwing the shreds out of the window. "But there are no elephants round here'" "Effective, isn't it?" Just saying.

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