“The ships are 100% full. The containers are 100% full. You can’t get a container built. You can’t pick up a ship from the spot market. The whole container-shipping cycle is at absolutely full pulse,” exclaimed Jeremy Nixon, CEO of Ocean Network Express (ONE), the world’s fifth-largest container line.
October’s ocean container market as “unbelievable,” said Nixon during an International Chamber of Shipping (ICS) virtual event last week. “We are sold out,” he revealed.
“Our job now is to keep the...
https://www.freightwaves.com/news/container-slots-sell-out-threatening-holiday-shipageddon