Free Trial

Local Ports Likely to See Little Benefit as Maersk Joins Those Diverting Via South Africa

SOUTH AFRICA
  • Dow Jones report that Maersk are to re-route ships around Africa via the Cape of Good Hope, re-routing cargo from the Red Sea due to recent attacks.
  • Another shipping firm re-routing traffic via South Africa (we heard similar from Hapag-Lloyd.
  • Note that despite shipping traffic being diverted via South Africa, the economic impact/uplift for South Africa itself is reported to be minimal, according to a report in News24 today.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.