According to the latest data released by the United Nations Conference on Trade and Development (UNCTAD), no LNG carrier has passed through the Suez Canal for 65 days.
Since the last LNG ship sailed through this important waterway in Egypt on January 16th, the continuous deterioration of the security situation in the Red Sea region has forced a large number of LNG ships to divert around the Cape of Good Hope in Africa.
In all kinds of major shipping sectors, LNG ships have become the only ship type that completely avoids the Suez Canal in recent months, which can be clearly seen in UNCTAD's chart.
According to the statistics of the International Monetary Fund, in the first two months of 2024, the overall trade volume of the Suez Canal dropped by 50% year-on-year, while at the same time, the trade volume around the Cape of Good Hope surged by about 74%.
Last year, the transit revenue of the Suez Canal brought Egypt a considerable income of $10.25 billion. However, the Suez Canal Authority admits that due to the sharp drop in trade volume, this year's revenue may shrink sharply, and it is expected to reach only about 5 billion US dollars.
According to Clarkson's latest data, the number of merchant ships passing through the Gulf of Aden has dropped significantly, with a drop of 72%.
It can be seen that for 65 days, there was not a LNG ship passing through the Suez Canal. The reasons behind this are complicated, but what can be seen at present is that this stagnation may cause people's concerns about shipping safety and affect the sensitive nerves of the global energy market. After all, the Suez Canal, as an important channel connecting East and West, is directly related to the stability of global energy supply. In addition, for Egypt, a country that relies on the transit income of the canal, this stagnation also means huge economic losses.
https://www.cnss.com.cn/html/hygc/20240325/352642.html
|
Back:
Next:
