Route inefficiencies have emerged as a defining challenge for global shipping, driven primarily by simultaneous disruptions across critical maritime chokepoints.
The Red Sea crisis stands at the center, forcing 80-90% of container vessels to reroute around the Cape of Good Hope since late 2023. This detour adds 42% more distance for routes from the Middle East to Europe and 29% for Singapore-Rotterdam journeys. By February 2024, container tonnage through the Suez Canal dropped 82%, while Cape traffic doubled.
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