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Yeah we recently had a load pay something like $1.5m to jump up the queue to transit the canal. Not even a "guaranteed transit by X" but just jumping up the lin
by Arrath 2y ago
Yeah we recently had a load pay something like $1.5m to jump up the queue to transit the canal. Not even a "guaranteed transit by X" but just jumping up the line! Which at the time was something like a month and a half long, IIRC.
Being a specialized load (read, unusual cargo, not containerized, on a barge) I doubt transloading to rail and back onto a ship on the other side would have been practical in our case but for other cargoes? It might be an attractive alternative.
- kortilla 2y agoWhy not go around if the queue is a month and a half long?
- crowcroft 2y agoI'm not an expert, but my understanding in large freight is that Cost >>> Time. Going around probably costs a lot more in fuel etc would be my guess.
- lokar 2y agoAnd some freight (LNG) is consumed by waiting or going around (the ship burns it to generate power to cool the LNG)!
- LargoLasskhyfv 2y agoIt would have to burn that anyways.
- bobthepanda 2y agoCape Horn is quite hazardous, so it's not a journey to prefer anyways.