BIMCO said routes around the Cape of Good Hope or Cape Horn have been perceived as more reliable and flexible.

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around Cape Horn and then across the Pacific. But South Korea's Yonhap news agency said a message sent back to the owners' office in Seoul on Friday said the ship was taking in water on the port ...

the Panama Canal or around Cape Horn, to avoid some of those (global) hotspots,” Rubin said. “We are either the first stop or one of the last stops when that vessel is dropping off its cargo.