instead they are taking the long way round from asia to europe and around the cape of good hope. that s an extra 3500 nautical miles, or up to two week s sailing, adding as much as a million dollars per ship in fuel alone. maersk ceo vincent clark told the bbc s aaron heslehurst that these extra costs are already being passed onto consumers. this is one of the most important arteries of global trade and having to re route all of this cargo now south of the cape of good hope is going to create significant disruptions to the global supply chain for the duration in which we have to do that, and probably a few months more as we have to get back then into normal. so you need to see, i think, a stronger mobilisation. the other thing is that the level of threat is actually evolving, and so for the coalition that is trying to put in place this safe passage, they need to constantly reassess the level of protection. but for us, it is really important that this is being addressed with d
the and then there s inflation. with shipping costs going up and a threat that oil could become more expensive, how would that play out in the battle against rising prices? lets talk to nomura s senior european economist andrzej szczepaniak. we have heard warnings from the likes of the big uk retailer tesco today that prices could go up. other retailers, other power brokers in all this saying likewise. what do you make of the risks? ultimately, the suez canal you make of the risks? ultimately, the suez canal is you make of the risks? ultimately, the suez canal is a you make of the risks? ultimately, the suez canal is a hugely - you make of the risks? ultimately, l the suez canal is a hugely important trading road to bring goods across from east asia into europe and also to the us. if you think about the fact the journey is much longer, there are two elements to that. firstly, if those goods are going to be used to produce things in europe and you have adjusting time and managemen