Potential disruptions in the Red Sea: Impact on cargo terminals and prospects for the Port of Rotterdam in 2024
In recent developments, a significant number of sea-faring vessels, particularly container ships originating from the Middle East and South East Asia, have been rerouted around the Cape of Good Hope. Consequently, container ships now face prolonged voyage durations ranging from eight to twelve days, while bulk carriers are encountering delays spanning eleven to eighteen days. The shipping distance between Singapore and Rotterdam via the Suez Canal amounts to 8,288 nautical miles (15,349 km), in contrast to the 11,755 nautical miles (21,770 km) through the Cape of Good Hope. The Port of Rotterdam Authority estimates a potential reduction of around 1.25 million tonnes in throughput volume for December due to these disruptions, with potential repercussions for container throughput and liquid bulk transshipment.
