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Shipping shambles

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05 March

𝗧𝗵𝗶𝘀 𝘀𝘁𝗼𝗿𝘆 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝗹𝗹𝘆 𝗮𝗶𝗿𝗲𝗱 𝗼𝗻 𝟭𝟭 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝟮𝟬𝟮𝟰. War is brewing in the Red Sea as Yemen’s Houthi rebel forces launch attacks on commercial ships in protest against Israel’s war on Gaza. For multinational companies trading and shipping between Asia and Europe, the Suez Canal has now become a high-risk zone. This hostile disruption in world trade has created an opportunity for South Africa to boost its own flagging economy by offering services to ships re-routed past the Cape. It is an extraordinary detour, with hundreds of ships sailing for an extra 10 to 14 days to ensure safe passage through calmer African waters. But these ships appear to be giving South Africa a wide berth, preferring more efficient refuelling stops in Namibia and Mozambique. Why was Transnet so ill-prepared to take advantage of this potential economic windfall? Find more exclusive content on Carte Blanche: The Podcast: https://linktr.ee/carteblanchetv

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