Shipping companies look to alternative routes -------------------------------------------------- Russia is highlighting the viability of its Northern Sea Route (NSR) following the six-day blockage of the Suez Canal by a stranded container ship. The NSR trims 4,000 nautical miles off the route via Suez -------------------------------------------------- PANAMA CANAL 13,411 nautical miles 34 days 22 hours* Cargo volume 2020 (tonnes) 474m tonnes SUEZ CANAL 10,525 nm 27 days 10 hours 1.17 billion tonnes – 12% of world trade NSR Claimed 6,500 nm Approx 17 days *Travelling at 16 nm/h 33m tonnes Receding sea ice enables year-round navigation ARCTIC CIRCLE Rotterdam Suez Canal Panama Canal Shanghai Strait of Magellan Cape of Good Hope 1 2 MAGELLAN 17,184 nm 44 days 18 hours CAPE OF GOOD HOPE 13,843 nm 36 days 1 hour -------------------------------------------------- OTHER GLOBAL TRADE CHOKEPOINTS 1 Strait of Hormuz 167km long, 3km wide Carries 25% of all seaborne-traded oil, 30% of world’s liquefied natural gas 2 Strait of Malacca 900km long, minimum 2.7km wide 40% of global trade, 80% of China’s crude oil imports -------------------------------------------------- Sources: Suez Canal Authority, Panama Canal Authority, sea-distances.org © GRAPHIC NEWS