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Continuing port congestion stretches supply chains to the limit

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Well over 100 containerships were stuck off major container ports last week as port delays continue to disrupt supply chains and hamper ... https://www.seatrade-maritime.com/sites/all/themes/penton_subtheme_seatrade_maritime/images/logos/footer.png Informa SeatradeMaritimeispartoftheInformaMarketsDivisionofInformaPLC InformaPLC Aboutus Investorrelations Talent ThissiteisoperatedbyabusinessorbusinessesownedbyInformaPLCandallcopyrightresideswiththem.InformaPLC'sregisteredofficeis5HowickPlace,LondonSW1P1WG.RegisteredinEnglandandWales.Number8860726. HomeMaritimeNewsPorts&LogisticsContinuingportcongestionstretchessupplychainstothelimit Recent Topics Ports&Logistics PortAuthority PortServices TerminalOperators RecentNews AETtakesdeliveryoffirstofthreeShellchartertankers Jan05,2022 Hapag-Lloydadoptsdangerousgoodsscreeningsoftware Jan05,2022 NewCCSpresidenttofocusondecarbonisationand intelligentshipping Jan05,2022 Shanghairetainscrownastheworld’sbusiestcontainerport Jan05,2022 TrendingNow MarcoPoloMarineventuresintogreenshiprecyclingatBatamyard Jan05,2022 JanHolmfromoffshoredrillingtonuclearpowerbarges Jan05,2022 DPWorldCallaoinPerusetscontainervolumerecord Jan05,2022 DemopriceseaseasNewYeardawns Jan05,2022 Continuingportcongestionstretchessupplychainstothelimit Photo:WikipediaCommons Welloverahundredcontainershipswerestuckoffmajorcontainerportslastweekasportdelayscontinuetodisruptsupplychainsandhamperindustrialcustomers. PaulBartlett|Sep20,2021 WorstaffectedweretheUSwestcoastportsofLongBeachandLosAngelesandChineseterminalsatShanghaiandNingbo,accordingtoindustryanalysis. Thechaosiscostingmillionsofdollarsindelaystoshipsandcargo.Expertssaythattherapidrecoveryinworldtradeaftertheworstofthepandemiccausedsignificantdisruptiontosupplychains,withlargevolumesofequipmentatthewrongendoftradelanesandportproductivityplummeting.Theextentofthecongestioncrisis,whichisexpectedtohaveanimpactoninflation,hasalsodemonstratedhowsomeportshavenotkeptpacewithdigitaltechnologiestominimisedwelltimesandmaximisethroughput. Related:65containershipswaitingatLA/LBports,up33%inaweekYetshippinganalystsatDrewryhaverevisedupwardstheirprojectedfive-yeargrowthforecastsonporthandlinginthelatestissueofthefirm’sGlobalContainerTerminalOperators–AnnualReviewandForecast.Cargohandledisexpectedtogrowbyanaverageof5%ayearoverthefirsthalfofthedecade,reachingglobalcapacityof1.34bnteuby2025,thecompany’ssectorexpertsrevealedinawebinarlastweek. Digitalisationwillprovidethekeytoincreasedportproductivity,Drewrydeclared.Improveddataflowcanmateriallyreducethetimetakenforcontainerstotransitportsandblockchaintechnologynowprovidesabasisforsignificantefficiencygains.Theanalystsnotedhowglobalterminaloperators,regionalcontainerlinesandarterialtradelanecarriersarenowusingneutralplatformsincludingTradeLensandGlobalShippingBusinessNetwork,andotherssuchasAntBlockchain(Alibaba)inChina. Related:Maersk:‘Unceasingcongestionbecomingaglobalproblem’Meanwhile,theimpactofportdelaysisunderpinningasurgeincontainershipchartering,withcompaniestakingextratonnageonlongerperiodcontracts.However,portcongestionisputtingabrakeonsomedeals,ascharterersholdoffcommittingtoexpensivetonnagethatcouldbeheldup,waitingoutsidecongestedportsforlongspells.  Copyright©2021.Allrightsreserved. Seatrade,atradingnameofInformaMarkets(UK)Limited. TAGS:ContainersTerminalOperatorsAmericasAsiaportcongestion 0comments Hidecomments usernotloggedin Comment* SwitchtoplaintexteditorMoreinformationabouttextformats Textformat CommentsPlaintext CommentsAllowedHTMLtags:


PlaintextNoHTMLtagsallowed.Webpageaddressesande-mailaddressesturnintolinksautomatically.Linesandparagraphsbreakautomatically. PublishLoginorregistertocomment Save Leavethisfieldblank RelatedShanghairetainscrownastheworld’sbusiestcontainerportJan05,2022DPWorldCallaoinPerusetscontainervolumerecordJan05,2022PortsofLA/LBholdoffcontainerdwellfeeforanotherweekJan04,2022Ningbo-ZhoushanPortoperationsstableamidCovid-19outbreakJan04,2022 LoadMore

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