The cheapest route depends on vessel size, fuel type, and current risk premiums. The Suez Canal route via the Red Sea is traditionally the fastest and cheapest, but elevated war risk premiums since 2024 have made the Cape of Good Hope competitive for some vessel types. Use our calculator to compare actual costs.

Suez Canal transit fees depend on vessel type and net tonnage. Typical costs range from $150,000-$700,000 for large vessels. Additionally, war risk insurance premiums for Red Sea transit can add $50,000-$250,000+ depending on vessel value and current threat levels.

The Cape route avoids Suez Canal fees ($150K-$700K) and Red Sea war risk premiums ($50K-$250K+), but adds 3,000-4,000 nautical miles, resulting in higher fuel costs ($200K-$500K+ extra) and 7-12 additional sailing days. The Cape route also has higher weather risk and may increase EU ETS exposure. Our calculator accounts for all these factors.