02.01.2024, Moscow.
Reconfiguration of cargo flows due to the situation in the Red Sea can greatly change the geo-economic balance, in which Europe will be the loser, according to the report from the theater of war, published in The Essence of Time newspaper, issue 566.
TASS informs that about 10% of all maritime container transportation is carried out through the Suez Canal. This route is significant for transporting goods between Europe and East Asian countries.
When refusing delivery through the Suez Canal and using the route through the Cape of Good Hope, the cost of delivery of one 40-foot container increases more than threefold – from $2 to $6.6 thousand.
“The increase in the cost of insurance and cargo delivery time is not noticeable for the end consumer of goods, but the large-scale and rapid reconfiguration of cargo flows can greatly change the geo-economic situation. However, Europe will be the loser again,” The Essence of Time editorial reads.
Source: Rossa Primavera News Agency
