The Suez Canal,attached route alternatives with traffic flows and areas are described and theoretical break-even points derived. Logistically,route selection depends on relative distances,the level of spot rates and c...The Suez Canal,attached route alternatives with traffic flows and areas are described and theoretical break-even points derived. Logistically,route selection depends on relative distances,the level of spot rates and canal dues,the sensitivity to change growing with rising rate levels.The connection is diluted by the canal /pipeline owners’ price differentiation and the charterers’ capital costs;interest on cargo and change of its value during transit.Ship-owners are largely neutral to route choice as long as rates and main cost items are directly related to distance.展开更多
Three alternatives for round voyages between the Middle East Gulf and North Atlantic,Cape/Cape,Suez/Cape and Suez/Suez(laden/ballast),are compared from actor perspective.Ship owners benefit from long routes when rates...Three alternatives for round voyages between the Middle East Gulf and North Atlantic,Cape/Cape,Suez/Cape and Suez/Suez(laden/ballast),are compared from actor perspective.Ship owners benefit from long routes when rates are not rising steeply.Refineries minimize logistics costs by selecting short routes.Traders also should opt for them,provided that their investment horizontal equals the laden leg.In the real world,Northwest Europe selects 10 pet Suez and the US Gulf 10 pet Cape.East Coast Canada is route neutral.Cargos from West Africa tilt this equation in favor of the Cape/Cape alternative.展开更多
文摘The Suez Canal,attached route alternatives with traffic flows and areas are described and theoretical break-even points derived. Logistically,route selection depends on relative distances,the level of spot rates and canal dues,the sensitivity to change growing with rising rate levels.The connection is diluted by the canal /pipeline owners’ price differentiation and the charterers’ capital costs;interest on cargo and change of its value during transit.Ship-owners are largely neutral to route choice as long as rates and main cost items are directly related to distance.
文摘Three alternatives for round voyages between the Middle East Gulf and North Atlantic,Cape/Cape,Suez/Cape and Suez/Suez(laden/ballast),are compared from actor perspective.Ship owners benefit from long routes when rates are not rising steeply.Refineries minimize logistics costs by selecting short routes.Traders also should opt for them,provided that their investment horizontal equals the laden leg.In the real world,Northwest Europe selects 10 pet Suez and the US Gulf 10 pet Cape.East Coast Canada is route neutral.Cargos from West Africa tilt this equation in favor of the Cape/Cape alternative.
