Congested Ports, Christmas Set to Extend Shipping Bottlenecks



Bloomberg News

The combination of Covid-related port closures and the significant increase in trade volumes is choking up shipping terminals globally and with the Christmas season on the horizon there might not be much improvement soon.

“We expected that things would start to ease during the second quarter but then we had the situation in Suez with the Evergiven, now we have a situation in Yantian, and we keep on seeing Covid impacts and congested terminals,” according to Lars Mikael Jensen, head of global Ocean network at Maersk.

While Maersk sees the situation at Yantian Port in Shenzhen slowly recovering with productivity at 45% of normal, that still means at average waiting time of 16 days per vessel, the company said Friday.

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