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I guess it's the same as when the Suez canal was blocked [1] . It will result in about 2 weeks longer transportation time. Don't know about costs.

[1] https://en.wikipedia.org/wiki/2021_Suez_Canal_obstruction

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Container ships use in the region of 150 to 250 metric tons of fuel per day, so $75,000 to $125,000 in fuel alone.

Spread out over thousands of containers that doesn't seem like a huge penalty.

We'll see, if we care to look which I don't anymore since I'm not involved in sea freight for a while bow, how rates from Asia to Europe change. Because this rate change is what matters, not the additional cost for carriers.

The extra time necessary, thus lower throughout, thus availability issues, will likely be the bigger problem than fuel.

Except that back then people where drawing world end scenarios while today it sounds like “just a small detour”.

Possibly because the people shouting about world-ending scenarios from the blocking of the Suez were being hyperbolic.

Or the remaining 5% are really important.

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