Vessels sailing from Asia to the East Coast via the Suez Canal have to pay on average US$465,000 for passage, according to SeaIntel, which calculated that the South Africa route would save an average of US$235,000 per voyage.
Moreover, how long does it take for a ship to pass through the Suez Canal?
Beside above, is it safe to sail through the Suez Canal? There is no danger INMHO in crossing Suez. It will be a considerable bureaucratic issue and you must have a local agent to arrange fees and timing.
Also question is, how much do ships pay to go through the Panama Canal?
The cost of moving a ship through the Panama Canal has tripled over the past five years to around $450,000 per passage for a vessel carrying 4,500 containers, and this figure is likely to go up upon completion of the expansion process.
Can oil tankers use the Suez Canal?
Over 17,000 ships each year pass through the Suez Canal connecting the Mediterranean Sea and the Red Sea, which means that almost 50 ships per day make the transit. Large oil tankers are the biggest money makers for the Suez Canal. Without locks, nothing prevents very large ships from passing through the Suez Canal.