The extraordinary redrawing of the seaborne trading map between Asia and Europe over the past couple of months since the Houthis intervened in the ongoing war in Gaza is having a deleterious effect on shipping’s carbon footprint with one new report suggesting shippers might experience a more than five-fold increase in CO2 emissions per container shipped.
Ships of all shapes and sizes are increasingly choosing to go via the Cape of Good Hope rather than risk a Red Sea transit where the Houthis from Yemen have attacked around 35 merchant ships with drones and missiles since November as well as hijacking one car carrier.
The latest data from Clarksons Research show that Gulf of Aden ship arrivals are now 65% lower than 2023 levels, with recorded containership arrivals remaining at very low levels down 90%, tanker arrivals now down 45%, gas carrier arrivals down 90% and bulker arrivals down around 30%.
Typically, boxships take 31 days travelling the 10,000 nautical miles between Shenzhen and Rotterdam on the traditional route via the Suez Canal. That journey distance jumps to more than 13,000 nautical miles, and at least 41 days, if the route is via southern Africa.
In terms of CO2 emissions, researchers at Danish consultancy Sea-Intelligence have been able to quantify the extra pollution on a per teu basis in a new study published yesterday, which factors in the longer sailing distances, as well as increased speeds, and the likelihood of smaller ships being deployed on the alternative southern African route. CO2 emissions per teu could rise from anywhere between 31 to 575%, the study suggested.
The longer journeys are also having an impact for a ship’s Carbon Intensity Indicator (CII), as well as the newly introduced emission trading scheme from the European Union (EU ETS).
Clarksons Research has also been looking at the overall changes in tonne-mile demand for 2024 brought about by the Red Sea shipping crisis.
By way of example, the Russian invasion of Ukraine and the subsequent EU ban on Russian oil products created a 5.5% uplift for product tanker tonne-mile demand.
Clarksons’ estimates for increased tonne-mile demand of rerouting via the Cape of Good Hope by shipping sector are most bullish for containerships and car carriers.
Hardly unexpected given the incremental distances involved.
it is useful to see it roughly quantified.
It looks like the future of this planet is just a nine days wonder, now that the people of the world can get excited about the Palestinians and the Israelis once again.