THE SUEZ CANAL OR THE CAPE OF GOOD HOPE?

    The Suez Canal, opened in 1869, was one of the most significant engineering projects of the 19^th Century; in addition it was a revolution for global business.

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    The main advantage is that ships could travel from the Red Sea, between Africa and Asia, cutting weeks off journey; with consequent savings in fuel. For instance, it cuts a modern journey from Singapore to Rotterdam by 6480 km, saving vessel owners lots of time and lots of money.

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    However, nowadays more ships are deciding to take the Cape of Good Hope route, although a vessel will take an extra eleven days to go via the Cape. Why choose? Because for two main reasons: save the steep fees for vising the Suez Canal (350€ per ship roughly) and the low price of oil. On the other hand they also make floating storage in an attempt to find the right buyer at the right time.

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    To sum up, in my opinion, the Suez Canal or The Cape of Good Hope has both advantages and disadvantages; the shipping company will have to decide according to the price of oil.