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Jun 11, 2024 · Crude oil and oil product flows around the Cape of Good Hope increased by nearly 50% in the first five months of 2024 compared to last year’s average as commercial vessels avoid Middle East...
Jun 13, 2024 · Maritime transit of oil and petroleum products through the Cape of Good Hope has risen by nearly 50%, from 5.9 million barrels per day (bpd) in 2023 to 8.7 million bpd in the first five months of 2024, according to data from Vortexa, which take into account transportation both from the EU and the USA to the Middle East and Asia ...
Jun 16, 2024 · The Cape of Good Hope was first sighted by the Portuguese navigator, Bartolomeu Dias, in 1488. He was the first European to find the southern limit of the African continent, and his discovery opened up the possibility of reaching India by sea from Europe.
- Rose Barker
4 days ago · The Suez Canal is important because it is the shortest maritime route from Europe to Asia. Prior to its construction, ships headed toward Asia had to embark on an arduous journey around the Cape of Good Hope at the southern tip of Africa.
- The Suez Canal is a human-made waterway that cuts north-south across the Isthmus of Suez in Egypt. The Suez Canal connects the Mediterranean Sea to...
- Various forms of what is today the Suez Canal existed in Egypt between 1850 BCE and 775 CE, although primarily to facilitate trade between the Nile...
- The Suez Canal was financed by the Suez Canal Company, a joint-stock company headquartered in Paris. At the time of its founding, France had 52 per...
- The Suez Canal’s international status has a murky history. Per the 1888 Convention of Constantinople, the canal is open to ships of all nations in...
- In 2018 there were 18,174 transits of the Suez Canal, according to the Suez Canal Authority. That number rose to 18,880 in 2019, or about 51.5 per...
23 hours ago · Today's weather forecast for Cape of Good Hope by the hour.
4 days ago · Definitions of Cape of Good Hope. noun. a point of land in southwestern South Africa (south of Cape Town) see more. noun. a province of western South Africa. see more.
Jun 11, 2024 · The amount of crude oil and oil products flowing around the Cape of Good Hope, located at the southern tip of Africa, increased nearly 50% in the first five months of 2024 compared with the 2023 average as commercial vessels avoided chokepoints in the Middle East.
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