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    • #12100
      The African Monetarist
      Lagos, Nigeria

      The Red Sea.

      African Ports.

      Middle East








      The ongoing crisis in the Red Sea, involving #Israel and #Palestine presents a challenging scenario for shipping companies such as #Maersk rerouting their vessels around the Cape of Good Hope when it comes to refueling and restocking, causing a ripple effect on global oil prices, freight rates and maritime trade through the #SuezCanal.


      Alternative routes, in African ports, although longer by 10-14 days, are grappling with issues such as red tape, congestion, and substandard facilities, according to insights from industry experts and analysts, and intensifying the strategic importance of these overlooked alternative routes on the continent.



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