The difference of a few percent - pricing themselves out of a market
From
gCaptain:
Maersk Line Ships Will No Longer Transit Panama Canal
Maersk Line, the world�s biggest container shipping company, will stop plying through the Panama Canal to move goods from Asia to the U.S. east coast as bigger ships help the company move it profitably through Suez Canal.
Maersk Line will send vessels through Suez Canal that can carry as many as 9,000 20-foot boxes at a time, instead of using two 4,500-box-vessels through Panama Canal, Soeren Skou, chief executive officer of Maersk Line, said in Singapore today. The last sailing through Panama will be on April 7 and the first service through Suez will be a week later, the company said in an e-mail statement.
Some more:
Fees for ships to go through the Panama Canal have tripled in the past five years to $450,000 per passage for a vessel carrying 4,500 containers, Skou said. The distance from China to the U.S. east coast via the Suez Canal is about 4 percent to 5 percent more, he said.
Tripled??? Talk about pricing yourselves out of business. I did not realize that the two routes were so close in distance.
Posted by DaveH at March 18, 2013 9:52 AM