The Delta Company tanker Delta Blue was repeatedly attacked off Yemen for almost 24 hours, and with RPG’s. The vessel loaded in Iraq and is heading to Greece - via the Red Sea.
Most, nearly all, owners are avoiding the Red Sea for the much longer, but much safer routing around the Cape of Good Hope.
There is really only one reason why a ship would take the shorter - much more dangerous route - money. Now I am a blatant capitalist, and have no illusion that the reason commercial shipping exists is to make money. But these charterers who exert pressure and these vessel owners who evaluate the economic benefits of putting lives in real danger is a level of greed I cannot understand.
I doubt they saved any money by going that route. Unless they weren’t insured? The war risk insurance is crazy to go that way!
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And the Suez Canal fee is quite high as well
While I hear you guys, they are not transiting the Red Sea because it costs more
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I 100% agree. I’m implying that life is cheap. They are probably saving a few pennies to do the more dangerous route.
We are saying the same thing here.
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If this keeps up the canal fees will probably drop.
There was a time, in my lifetime, when the US was a BADAZZ, and had the resolve to shut-down this stuff. We had the ships, we had the resolve. Now? We can’t event get NATO or our other allies to form-up a fleet and solve this shipping crisis. . . When our ships were targeted, either gray-hulls or commercial, a kinetic disproportional response to both the instigator [Houthis} & supplier [Iran] should have been implemented.
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Via Euronews: French vessel rescues 29 mariners from oil tanker under attack in Red Sea
Not 100 % sure I know enough about how the navys of the world can best protect shipping here - but agree they do have that responsibility.
But does not change my view one bit that a ship owner who sends his crew through the Red Sea now for money is a level of greed I don’t understand
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Delta just fixed another suezmax, the delta ios to Litasco - for a cargo via SUEZ CANAL !! No words