container shortage

The ‘Domino Effect’ Of Container Shortage Distorts The Supply Chain

Even though the one-year anniversary of the COVID-19 lockdowns is upon us and our world is starting to slowly open up in a way we have not been accustom to these last several months, the negative effects of buying more goods, both on-line and in-store is catching up with us, reports Forbes.

Disruptions in the supply chain

Merchants, in every segment of the hard goods business, from food to shoes to toys are all faced with shipment delays and soaring cost of goods. The stress on supply-chains has...

https://mfame.guru/the-domino-effect-of-the-container-shortage-distorts-the-supply-chain/

Major Exporters In Asia Take Measures To Curb Container Shortage

Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading,  reports Bloomberg Quint.

Container Shortage 

Government-owned Indian Railways has moved empty boxes to inland depots like Delhi from seaports for free. South Korea has deployed an extra nine vessels on the Trans Pacific route to help local manufacturers while China’s state owned shipyard, Cosco Shipping Heavy Industry, has converted at least one...

https://mfame.guru/major-exporters-in-asia-are-taking-measures-to-curb-container-shortage/

Seattle-Tacoma to congested Southern California ports: We feel your pain

The waterfall effect from Southern California port congestion has caused an ebb of exports in the Pacific Northwest.

Northwest Seaport Alliance (NWSA) CEO John Wolfe reported Wednesday that full exports in January were down 13.4% year-over-year, from 66,410 twenty-foot equivalent units (TEUs) in 2020 to 57,517 TEUs this year. 

“When … there is congestion at those other gateways, the vessel schedules are so far off that when they get to Seattle-Tacoma, the window of time for them to work the...

https://s29755.pcdn.co/news/seattle-tacoma-to-congested-southern-california-ports:-we-feel-your-pain

Container Shortage Adds Impetus To Commodity Prices

Shipping container shortage has made it expensive to move sugar, coffee and copper around the world by sea, says an article published in The Wall Street Journal.

High freight rates

Ocean freight rates began to soar last summer, and haven’t let up. 

What is the reason?

That is partly because consumers, unable to spend money in restaurants, have splashed out on goods that move by sea. Retailers and manufacturers, meanwhile, have rushed to rebuild inventories.

Container shortage 

The shortage of 40-foot...

https://mfame.guru/container-shortage-adds-impetus-to-commodity-prices/

Hapag-Lloyd CEO: COVID, congestion, container shortage form ‘perfect storm’

All eyes are on California’s San Pedro Bay. Hapag-Lloyd focused on the congestion crisis at the ports of Los Angeles and Long Beach during a virtual press conference conducted Thursday from Germany with media outlets around the globe. 

“Today there is fairly extreme port congestion,” Hapag-Lloyd CEO Rolf Habben Jansen said, sharing an image crowded with dots representing ships anchored in San Pedro Bay waiting to berth. Jansen did not count the dots, but Port of LA Executive Director Gene Seroka...

https://www.freightwaves.com/news/hapag-lloyd-ceo:-covid-congestion-container-shortage-form-perfect-storm

Shipping Costs Shoot Up Due To Shortage of Containers

  • Containers stay piled up in Europe and the US rather than been sent back to Asia.
  • British businesses heavily hit which move and sell imported goods.
  • The average cost of shipping a 40-foot container rose from $1,752 last Feb to more than $8,000 at the end of last week.

Continuing shipping chaos causes British firms to face surging import costs up to 700% per container in recent months, reports This is Money.

Global container shortage 

British businesses are facing thousands of pounds in extra...

https://mfame.guru/shipping-costs-shoot-up-due-to-shortage-of-containers/

China’s Shipping Industry Experiences Extreme Shortage Of Containers

Chinese exporters suffer from extreme shortage and rising costs of shipping containers, which strand in America and Europe due to the COVID-19 pandemic, reports CGTN.

Rising shipping prizes 

East China’s Yiwu, also known as China’s commodity-exporting hub, bore the brunt when container shortages first hit China starting September 2020. And prices soon rose.

The world’s largest straw manufacturer Soton Daily Necessities, located in Yiwu, has been struggling as its stock piles up. Chairman of the...

https://mfame.guru/chinas-shipping-industry-experiences-extreme-shortage-of-containers/

Container Shortage Madness Drives Breakbulk, MPVs Uptake

According to a LoadStar report, the “madness” of ex-Asia container rates is driving more un-boxing of containerised cargo.

And the resulting bounceback for breakbulk is providing a boon for secondary ports and shortsea shipping, reveals chartering specialist Ahlers.

The New Horizon

“New opportunities are arising for breakbulk, MPVs [multipurpose vessels] and ro-ro carriers,” the company said.

“Alongside some bigger MPVs being chartered for carrying containers, there is an increase in cargo...

https://mfame.guru/container-shortage-madness-drives-breakbulk-mpvs-uptake/

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