Sunday, February 25, 2024

The Red Sea crisis overflowed the ports of the Spanish islands

In the times of globalization in which we live, and where any slight sign of instability in one part of the world has consequences on the opposite end of the planet, the current geopolitical context is a perfect example of this.

The conflict unleashed between Israel and Hamas has led to new fronts in the Near East and Middle East, where countries such as Lebanon, Iran, or Yemen—along with the Houthis in the Red Sea—have fully entered the conflict in one or another form and ‘forced’ countries such as the United Kingdom and the United States to intervene.

In fact, this intervention of the two Anglo-Saxon countries in the Red Sea against the Yemeni Houthis, who seized the area and cut off traffic, caused major setbacks for thousands of ships.

And they are forced to change their traditional routes, having to make longer trips, and this causes the saturation of the ports of the Canary Islands, especially Las Palmas.

This increase in maritime traffic in Canarian waters occurred because hundreds of ships had to change their routes to move and travel between Asia and Europe due to the interruption of traffic in the Red Sea.

This scenario means that many ships will have to refuel to continue their journey and round the entire African continent through the Cape of Good Hope instead of crossing the Red Sea and the Suez Canal. This new route has extended the time of arrival from one place to another by 15 days compared to what was taken a few months ago.

To understand what the impact of the port of Las Palmas is, you need to look at the number of ships that have arrived in the Canary Islands in recent months. Meanwhile, in November, shortly after the outbreak of the conflict, 185 ships arrived in Spanish waters, while in December 234 were made, and in January more than 270, representing the arrival of 40% more ships, according to data from the Port. Authority of Las Palmas.

Fuel tonnage must be increased

This increase in the number of ships has certain consequences, such as the need to increase the tonnage of fuel that is now needed to supply the hundreds of ships that arrive on the coast of Las Palmas. According to data from last December, the 175,000 tons sold were 7.4% more than the same month in 2022.

And because of this need, it is the company Península Petroleum—one of the largest companies operating in the port of Las Palmas—that offers itself as a’savior’. In the words of its commercial director, Víctor Morales, “the Canary Islands are an ideal option to supply vessels that turn because of their strategic location, their modern port infrastructure, and the high quality of services that are given.”

To this end, the company assured that “the Canary Islands will be strengthened as a point of support for this traffic” and confirmed that they will be “one of the main suppliers in the region” that will support “Harbor” and the clients.

World Nation News Desk
World Nation News Desk
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