The increase was primarily a consequence of the longer distances sailed due to transit restrictions via the Red Sea and the Panama Canal. Consequently, the number of bulk carriers sailing via Cape of Good Hope hiked +55% YoY to 4,482 vessels during 1Q’24 and the cumulated distance sailed by laden vessels rose +11% YoY to a new record too! Up +4% YoY, cargo quantities also contributed to the strong output delivered in 1Q’24.
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