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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 ....
the cape of good hope. that s an extra 3,500 nautical miles, or up to two week s sailing, adding as much as $1 million per ship, in fuel alone. maersk ceo vincent clark told the bbc s aaron heslehurst that these extra costs are already being passed on to consumers. it s 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 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 diligence and with a strong mobilisation of the international community ....
But for us, it is really important that this is being addressed with diligence and with a strong mobilisation of the international community so that normal global trade can resume. and vincent, avoiding the red sea means, well, having to go the long way round around southern africa, which can add one to two weeks journey time. and one of those consequences is it means that the ships are tied up for longer, unable to start their nextjourney. and i m just wondering how much does that damage the capacity of the global shipping industry that, well, we all rely upon? we expect that if this was to continue and all shipping services that are affected had to sail south of the cape of good hope, that would actually demand an increase in capacity deployed anywhere from 6% to 7.5%, which is quite significant. it will be more costly, it will be slower, but it can be coped with in the long run. the us secretary of state, anthony blinken, he recently said that these longer trade routes, and i quote ....
Global trade can resume. and vincent, avoiding the red sea means, well, having to go the long way around around southern africa, which can add one to two weeks journey time. and one of those consequences is it means that the ships are tied up for longer, unable to start their nextjourney. and i m just wondering how much does that damage the capacity of the global shipping industry that, well, we all rely upon? we expect that if this was to continue and all shipping services that are affected had to sail south of the cape of good hope, that would actually demand an increase in capacity deployed anywhere from 6% to 7.5%, which is quite significant. it will be more costly, it will be slower, but it can be coped with in the long run. the us secretary of state, anthony blinken, he recently said that these longer trade routes, and i quote here, increases the cost and the time of moving food, fuel, medicines, of course, humanitarian assistance. so again, i m wondering, does that extra cost ....