Maersk, MSC plan to reroute some ships from Suez Canal to Cape of Good Hope

Maersk and MSC plan to reroute an unspecified number of their container ships from the Suez Canal to the Cape of Good Hope, opting for a longer sail around the African continent after low oil prices have made the journey less costly than the Suez Canal’s passage fees, according to Al Mal. The decision comes despite a reduction in passage fees by up to 75% for certain routes announced by the Suez Canal Authority last week.