Shipping lines have therefore reduced the number of their ships, so as not to travel Mar 10 2021, 3:30 AM Mar 10 2021, 7:07 AM March 10 2021, 3:30 AM March 10 2021, 7:07 AM (Bloomberg) -- Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading. (Photo: Shutterstock) According to shipping analyst firm Sea-Intelligence, the dire shortage of empty containers in key locations, especially in Asia, is the biggest problem in container shipping at the moment.This has driven spot rate markets to historical highs, and has made it challenging for shippers looking to get their … The major shortage of containers is expected to continue. Demand for Chinese Goods Is So Strong There’s a Container Shortage Bloomberg News January 7, 2021, 4:17 AM EST Updated on January 7, 2021, 9:59 PM EST By The Maritime Executive 02-10-2021 05 :35:24 ... carriers to resolve the container shortage. Major Exporters In Asia Take Measures To Curb Container Shortage 11 March 2021 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. CNY is now upon us so very little will be shipping out of Asia … Global trade recovers but container shortage lingers on ... the company maintained a cautiously optimistic outlook for 2021. “The ramp up of newbuild production will certainly help alleviate some of the ongoing container equipment shortages,” Drewry said. The South Korean government is considering starting a container factory to address the ongoing container shortage. Container Shortage is Easing with Chinese New Year as Turning Point Shanghai is among the ports showing an improvement in container availability By The Maritime Executive 01-26-2021 05:41:39 ... 2021 0. The container shortage is not just affecting Asia ports, but also inland exporters in the US and in a number of European countries. The non-availability of containers in Asia is becoming a major problem for the sea freight. The South Korean government is considering starting a container factory to address the ongoing container shortage. WHAT NOW? But what will really improve the situation is when cargo demand development and carrier sailing schedules normalize, “as Covid-19 related disruption unwinds through the first half of 2021.” Home Most Visited Port congestion caused by chronic box shortages in Asia, Europe and US. ... Mar 09, 2021 . As January 2021 began, containers were in very short supply in Asia and getting a spot on sailings was costly and hard to come by. They face delays before loading cargoes at ports in Asia, where the dearth of boxes is most acute. We continue to deal with the port delays, backups and container shortages. Activities in Asia were highly reduced from April to June. The main cause of this shortage is the coronavirus, which resulted in a series of events. S&P Global Platts, a global energy and commodities information provider, said the increase in container shipping rates is expected to continue several weeks more into 2021 until box supply in Asia increases to match demand.
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