Congestion at Asian and European ports keeping charter rates firm
UPDATED TO CHANGE ECONDB DELAYS FROM VESSEL WAITING TIMES TO CONTAINER DWELL TIMES. Bottlenecks at Asian ...
By Sam Whelan
Port congestion, sky high charters and booming import demand means little prospect of freight rate respite for shippers in Australia and New Zealand.
According to Shane Walden, MD of CMA CGM subsidiary ANL Container Line, port congestion in Auckland and Sydney is creating costly delays for carriers.
“Berthing windows in Auckland have effectively been abolished,” he said on a webinar by the Freight & Trade Alliance.
“It’s effectively first-come, first-served, and you jump in the queue. As a result, over the past six ...
Comment on this article