CMA CGM Shifts to Cape Route Amid Suez Canal Cost Concerns
The Suez Canal Authority has adjusted crossing fees to attract shipping companies, but CMA CGM's mega-ship chose to detour via the Cape of Good Hope. While the detour increases fuel costs, the overall cost is lower than Suez Canal fees due to falling oil prices and overcapacity in the shipping market. This highlights shipping companies' sophisticated cost control and the competitive challenges faced by the Suez Canal. The decision reflects a strategic calculation based on current market conditions, prioritizing cost efficiency over the shorter Suez Canal route.









