1. Decline of Cape Sea Route: Prior to the construction and opening of the Suez Canal, the Cape sea route was the primary trade route between Europe, Asia and Africa. After the Suez Canal opened, the distance and time required for these trade ships to travel between destinations drastically reduced. As a result, the Cape sea route experienced a significant decline in its importance and traffic volume.
2. Time Savings: The Suez Canal allowed for substantial time savings in sea travel. For example, a journey from London to Mumbai via the Cape Sea Route could take around 12 weeks. Through the Suez Canal, this journey could be completed in about half the time (six weeks).
3. Change in Trade Patterns: The Suez Canal significantly altered trade patterns between different regions. Before the canal's existence, the Cape Sea Route was a critical link between Europe and Asia. After the canal's opening, it became a crucial trade route between the Mediterranean Sea and the Indian Ocean. This led to a boom in trade between Europe and the Middle East, East Africa, and South and SouthEast Asia.
4. Shift in Port Activity: With ships using the Suez Canal instead of the Cape Sea Route, the ports along the Cape route saw a decline in their activities and importance. However, the ports on the Mediterranean side flourished, as they become focal points for trade between Europe and the East. Mediterranean ports like Marseille, Genoa, Naples, Alexandria, and Port Said experienced significant growth.
5. Rise of New Shipping Companies: The Suez Canal's opening led to the emergence of new shipping companies and increased competition in the shipping industry. Companies specialized in the Mediterranean-Suez Canal routes, taking advantage of the shorter distances and increased trade opportunities.
6. Effect on Naval Routes and Strategies: The Suez Canal also had geo-political implications. It influenced the strategies and control of the British and French navies, which had traditionally dominated trade routes around the Cape Sea Route. The canal offered an alternative passage, changing naval strategies and the balance of power in the Indian Ocean and the Red Sea.
In summary, while the Suez Canal allowed for faster, shorter, and cheaper trade between Europe and the East, it diverted traffic away from the Cape Sea route, ultimately leading to a decline in its significance as a primary sea route between Europe, Asia, and Africa.