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
trades. that could be very disrutive. ., disruptive. richard meade from llo d s disruptive. richard meade from lloyd s list- disruptive. richard meade from lloyd s list. thank disruptive. richard meade from lloyd s list. thank you - disruptive. richard meade from lloyd s list. thank you for - disruptive. richard meade from lloyd s list. thank you for that. j what s happening to the price of oil? it s been going up. let s not forget the importance of the gulf countries as oil suppliers. erin delmore is in new york for us. up up by as much as 4% at one point today. it is fair to say it does not look like panic stations, although panic stations on the oil markets just yet. panic stations on the oil markets ust et. , , . ., just yet. yes, exactly. we are lookin: just yet. yes, exactly. we are looking to just yet. yes, exactly. we are looking to 496 just yet. yes, exactly. we are looking to 4%jump just yet. yes, exactly. we are looking to 4%jump in - just yet. yes, exactly. we ar