The Hormuz crisis should be a gold mine for SA, but it isn’t
Two-thirds of container ships have been diverted around the Cape due to the Iran war, but most are bypassing us.
South Africa should be feasting on the rerouting of ships around the Cape due to the conflict in the Strait of Hormuz and the Red Sea, but that’s not happening.
Bunkering service providers – which supply fuel to passing ships – used to offload around three million tonnes a year. We’re now down to a third of that – one million tonnes – as bigger ships with greater fuel capacity are able to pass South Africa without stopping.
