@@ChiefMAKOi 😆 LOL ABC News out of London, the reporter called the container ship 🚢 A TANKER!!! Maybe his mama took his toy boat 🚢 away from him in the bathtub.
you can just make sure you use your back to get it off the water.. rent a car... drive to the mediterannean sea.. and that's it :))) or.. even better.. give it away.. get a ticket to cairo and buy another one there! :))))
I am curious if the Suez has a minimum speed. I know the panama canal requires boats to be capable of a minimum speed, mainly for safety so the little boats do not get crushed or cause traffic to get behind schedule.
He Is clear because he is talking clear numbers....in math's there is no approximation ! Basically you have to circumvent the entire African continent, to go from Europe to Asia or Vice versa....the Distance and time Trebles !
@mark If he was Mexican he would be talking about how much it would cost to cross the U.S. border. “If you cross from the Laredo entrance it was cost this much in fuel, but if you go around the desert and cross from Tijuana it will cost you this much. All depends on how much tacos are in your truck “.
Don’t forget that at 12.1 days you can go from Istanbul to Mumbai, back to Istanbul, and then return to Mumbai in the time it takes you travel 37.4 days around Africa. I understand I’m not accounting for loads and unloading but over a fiscal year, being able to cut your travel time by 2/3rds really adds up,especially if you run a company like Maersk.
Absolutely correct,,, I bet the costs will be in the millions if you choose to go the long way just from lost profit that you would make over multiple trips in 37 days... forget tolls, fuel, leases (ships and containers) and staff salary.... And I just thought of another one, the faster you can deliver, the more business you will get.
Not sure how this ended up in my feed, but I clicked nonetheless, and ended up learning some damn interesting factoids about how shipping and our supply chain works and how much it costs. Thank you!
No shit, this guy makes regular videos on the Suez Canal, so when the canal is in the news his videos are also promoted plus you probably watched a bunch of news videos about it.
Honestly if 1 ship of a shipping company passes through it even once a week saving nearly a 100k per voyage on the canal, the company saves nearly 5.3 to 5.4 million USD per year.
And thats only a 40,000 tonner, my friend goes though in a 107,000 tonner with oil, 5 pilots , i think it costs close to 250,000 euros , dangerous cargo
on top of 1 Corona Virus Pandemic , 2 Global Economic recession , 3 War on terrorism , this is 4 Suez Canal is blocked crisis ..so now its 4 major world wide disasters going on right now.
Who else on RU-vid could clearly explain such straightforward matter as clearly as the Chief, and without any crazy background tune and unnecessary insertions on editing in under 10 minutes? I salute you, Chief Makoi.
You my friend are a bloody lifesaver, I have a very big game theory presentation due today, and my topic was about Egypt's most optimal options to make sure that no more ships ever get stuck in the canal ever again and I wasted 8 hours of my time to find how much it costs and all the stuff you explained in this video, please keep up the good work and you have gotten a new subscriber.
Was stationed at Sharma el sheikh in Sinai in early 80s. Loved to see all the ships pass by at night under the stars in the desert. One of my fondest of memories.
@@asurvivor6150 If you are facing out over the Red Sea from the gate coming into the U.N. base at Sharm el Sheikh you can see for miles. Anything that passes through the Suez Canal can be seen passing to your right. Just to let you know I been there. I drove a fuel truck from the base there to Eilat twice a week in early 80s.
@@markberryhill2715 ok I’ll take your word for it, but I’ve been there twice and never saw any container ships; Only small yachts. I was probably more to the east so it wasn’t possible to see the ships
Thank you, Chief! Very informative video once again. I'm sure a lot of people have never considered all of the factors of shipping costs, such as fuel, ship charter, tolls/charges for canal and/or port usage. It all adds up and eventually affects the prices of everything in every day life, and has done so since mariners first put to sea. I look forward to your next video and learning even more. Calm seas, Sir!!
Not to mention that it allows the ship to unload and gain another charter 25 days sooner. Thanks for sharing with us again chief, I always enjoy your observations and insight.
Thank you. What an informative video. I'm "retired", in my 70s a tutor math and science at a community college. The calculations in this video would make a great assignment for a spreadsheet. Students could see how a spreadsheet can be applied to a real world problem. A lot of possibilities.
Dam good stuff Chief, as a Navy Vet I passed through a few times, wish the Discovery Channel or one of the Network come get you, thanks for you inspired insight to seafarers life!
Copy that shipmates...the Gulf of Guinea transit is also an experience all to its own. Have the fire hoses, electronic noisemakers and anti-boarding barriers at the ready. Carry on!
So going via Suez both ways from Mumbai to Istanbul and back again will take 24 days. Going around Africa will take 37 days in one way. It's incredible how much time Suez canal saves. Money is only one factor, time is another one.
who else here realizes that RU-vid recommends this video to everybody BECAUSE of that incident? Also, who else here doesn't care what videos strangers watch?
I've been retired from Merchant Marine life for 10 years but in the 7 or 8 times I went through the canal on merchant ships, the cost always included at least 15 cartons of US cigarettes in addition to the transit fee. Cigarettes are part of doing business in many parts of the world.
Thanks for that Chief. I've quite often wondered about this but never really went to the trouble to sort it out. Thanks to you I don't have to now. Lazy sod I'm afraid.
Thanks chief... as an over-the-hill third engineer relegated to domestic waters, it’s nice to see the world out there goes on. Perhaps I’ll renew my STCW and travel after I retire from this gig.
Thank you for that information, you give us a good idea on the difference in cost on passing thru sues and not. I see why those 300 plus ship decided to wait and a see instead of taking the long route. Thank you again I am in the shipping for almost 40 years nice to hear jim
In supply chain management there is a hard per-day cost associated with inventory. Because the company has to invested working cash in the inventory that money cannot be used for anything until the product is sold and paid for, so generally that lost cost is the annual return rate of the next best investment. It is why lightweight high value product like top model phones generally go as air cargo. (setting aside the first batch of a new release, which is time sensitive for marketing reasons) To be even more clear the time includes time on the shelf, which brings us to what can often be more important, at least for medium tier products. That is the reliability of shipping times. If total order to restock time varies by +-6 days then the stores all need to keep enough inventory to cover both the time between normal weekly deliveries and an extra 6 days, and have room to store a week plus 12 days in the event delivery is 6 days early. Which can become a lot of space for product as well as excess inventory. In other cases that may be a replacement part and the company has some broken machine stopping up a whole factory that normally puts out $20,000 per hour in product and employees wages.
I worked as accts payable. You need to pay in advance otherwise the ship wont pass. Around 20 100k ton container ships per week - any idea how much it costs? 😂. Discounts come after a while, imagine the pain in reconciling the payments. 🤢
Yeah definitely it's time and money saving way to go through Suez canal . Awesome video and thanks for sharing this detail with us ! May God be with you and keep you and your crew safe !
Amazing perspective for those of us following the current situation. Quickly become my favorite Channel to watch. About to go into shipping but on the Great Lakes
That was a good representation of the costs of travel. The same can be said of the Panama Canal, it costs approximately $110,000 for a cruise ship to transit the "old" Panama Canal, I don't have figures for the new locks. Good Job Chief Makoi.
The salvage guy called it Evergreen in the beginning, the map shows Evergreen but then later in the video he called it the Ever given & the map then called it ever given. Go Figure!!
I couldn’t stay awake for a AI narrated version of this content, but for some reason you just talking is very interesting. No music or anything fancy on top, just good info from a good dude
Not necessarily, YOU probably bought a product for less cost than if it had used a different transit means, Do try to not be so quick with the lip: a tragic & ubiquitous problem these days.
A very interesting and informative video. Sometimes I'm amazed when I see some item made in China, for instance, in a store here in Las Vegas. I wonder how that product could have been manufactured and shipped and still have such a low price. It would be interesting to watch a video on how much it costs to ship a container. I believe, and please fact check this, that a year or so ago the cost for shipping a container from China to the west coast of the United States was so low that it didn't cover even the fuel costs of the ship. Now prices have risen to close to their all time highs. The best to al of you.
Its actually required that you bribe the Egyptian pilots with 4-5 cartons of American cigarettes. If you don't they will literally never bring your ship through. Also the reason pirates go for cargo ships so often is because they have to carry 2-3 million dollars on board at all times for bribe and gas money.
Very interesting info, Chief. Many thanks for this clear explanation! I believe the Ever Green carries about 20,000 containers and the approximate cost of shipping a 20 foot container is approximately $1,000 USD. If these figures are correct (I'm not an expert in this field), but wouldn't a transit generate about $20M USD? Against costs of $326K USD plus other expenses like insurance etc, it still looks like a rather profitable adventure. What are your thoughts on these figures, Chief Makoi? Thank you and much respect to you sir.
Algorithm shows me this video after the Suez Canal gets blocked by one of the world largest container ships for the past 3 days. The cost of blocking that canal is almost half a billion dollars per hour in traffic jams.
Ola chief makoy!! your channel is very good !! im in Brazil and see your videos every day, they help me to learn english and somethings about ship, that i like !! huges from Brazil
I like watching your videos on ship operations. I've never been on any ship before. I live in California. You have an easy going manor about you. I don't know why, but I think this guy could be my friend. Keep up the good work. Thanks
You've made a seemingly not so interesting concept and turned it into great learning and exploring. I love you. Will you marry my sister? Thank you for all that you do!
Frankly, I'm surprised that the Suez Canal charges so little. If they charged exactly what it would cost to go around Africa, I don't believe they'd lose a single ship because the shippers would still enjoy the time savings, not the mention the risk savings.
True, but in the long term I think it would most likely make countries in Europe look for other supply chains. Factor in the shipping savings if you start importing manufactured goods from Africa for example instead of china
@@bobbygreen9766 Respectively, I disagree. The idea of Africa suddenly taking the import business away from China isn't really realistic. For example, Morocco, Algeria, Libya, Egypt, and all of western Africa are all much closer to Europe than China is. Because they're closer, shipping costs from these countries are lower and as a bonus, they don't have to go through a canal to get there. Do you see these countries seriously threatening China trade with Europe? Regardless, while the Suez Canal fees may appear exorbitant, when divided by the goods those ships are carrying, I doubt it amounts to hardly anything. For instance, a ship carrying crude oil through the canal might have to add 5 cents to each barrel to cover the Suez fees.
Frank Howard but a ship sailing from say Shanghai to Hamburg if it travels via the North West Passage shortens the voyage distance by 40 % saving fuel , time and the canal fees Basically it depends on where you start from.and what the destinations are but for Hamburg Rotterdam or Felixstowe the North West Passage route is optimal.
@@ronnieince4568 So you're saying that before they built the Suez Canal, ships from China were using the Northwest Passage as their main route to Europe and if the Suez raised their rates too high, those ships would revert to their old route through the Northwest Passage?
I used to go thru the Suez Canal on car ships. Yes, the company paid big bucks for the transit but it was worth it to the company to save money in fuel and to deliver the cars quicker. Bribes to the canal pilots was another cost. It's not big relative to the other fees but it does illustrate a little of what's going on here. I was a radio officer on the ship and I was assigned the duty of 'bribe payer' by the captain while in transit. Usually the pilots wanted between 10 or 20 cartons of cigarettes. Marlboro was normally the brand of choice. I'd offer the bribe and a lot of times would hear 'I need some for my driver too, my driver, my driver!' We also had to accept venders aboard so they could sell their merchandise during the trip. They were never allowed inside the crew's quarters but had a place out on the back deck to lay out their goods. A lot of the time there were sellers of small models of the Pyramids. We were told they were actually made from the sand surrounding the Pyramids themselves. The vendors would say 'very old, very old'. Sometimes we would be in the galley eating and a vendor would be knocking on the window and showing what he had for sale. It was kind of annoying and a bit comical at the same time.
I'm trying to imagine how much extra it'll cost so many ship owners/freighters if they have to go around Africa as a result of the blockage of the Suez Canal. Humongous!😭
