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- Title
Navigating the Red Sea Crisis: Exploring Alternatives.
- Authors
FELLER, GORDON
- Abstract
The ongoing Red Sea crisis has led to a disruption in maritime trade routes, prompting the global shipping industry to seek alternative transportation options. One such alternative is redirecting vessels around the Cape of Good Hope, which adds an additional 3,500 nautical miles and 10-12 days to each voyage. Despite the increased time and cost, prominent shipping conglomerates like Maersk have chosen to reroute their vessels. This shift presents an opportunity for South Africa to revitalize its maritime economy by providing essential services to diverted vessels. Additionally, Chinese exporters are increasingly turning to rail transportation via the China-Europe Railway Express (CRE) to avoid the Red Sea, and cargo owners are considering air freight as a viable alternative. These adaptations highlight the need for innovative solutions to safeguard global trade in the face of multiple crises.
- Subjects
MARITIME shipping; AIR freight; CRISES; FREIGHT &; freightage rates; SILK Road
- Publication
International Policy Digest, 2024, p1
- ISSN
2332-9416
- Publication type
Article