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Wow, costs $300K to transit through the canal per ship by fee alone? That is capital intensive. It's amazing that more ships are not simply sailing around Afri
by Aperocky 6y ago
Wow, costs $300K to transit through the canal per ship by fee alone? That is capital intensive.
It's amazing that more ships are not simply sailing around Africa.
- maxerickson 6y agoTheir daily operating costs are a significant fraction of the $300,000 and it saves a couple weeks. (tens of thousands of dollars just for fuel each day)
- onlyrealcuzzo 6y agoI'd imagine it is riskier sailing all the way around Africa than through the Suez, right?
- tim333 6y agoIt's risky for small boats due to the huge waves down there. Huge cargo ships seem to manage ok.
- secfirstmd 6y agoNot really. Think of costs of fuel, costs of crew, I created insurance, slower delivery times.
- deleted 6y ago[deleted]
- decker 6y agoGiven that so many ships that are run by people who can afford $300k per trip, which could pay the annual salary for a team of analysts, it's amazing you're making this comment.
- sb057 6y agoThe $300K cost is actually calculated to be just below the amount it would cost extra to sail around the cape, adjusting for other factors, of course. There's actually a robust and competitive market for intercontinental shipping canals: https://www.industryweek.com/ideaxchange/article/21965825/suez-and-panama-a-healthy-competition https://www.industryweek.com/ideaxchange/article/21965825/su...
- listenallyall 6y agoThe ship can hold 20,000 containers so the fee is only $15 each. By comparison, it costs $16 to take the Lincoln Tunnel into Manhattan.
- tim333 6y agoThey do sometimes depending on oil prices and how much of a hurry they are in https://www.imarest.org/themarineprofessional/on-the-radar/item/5663-suez-proves-too-costly-for-some-as-ships-take-long-way-round-the-cape https://www.imarest.org/themarineprofessional/on-the-radar/i...