Cape of Good Hope reroutes likely to persist well into 2025 as industry adapts: ONE CEO

Shipping companies will likely continue to reroute their ships via the Cape of Good Hope and avoid the Red Sea well into next year, as the industry has adapted to the change in trade flows, said Ocean Network Express’ CEO Jeremy Nixon Sept. 24. “There seems to be no political breakthrough, we can’t put the vessels, the cargo, the crew…Shipping companies will likely continue to reroute their ships via the Cape of Good Hope and avoid the Red Sea well into next year, as the industry has adapted to the change in trade flows, said Ocean Network Express’ CEO Jeremy Nixon Sept. 24. “There seems to be no political breakthrough, we can’t put the vessels, the cargo, the crew…Read More