Shipper frustration as spot rates rise alongside demand, and cargo is rolled
A strengthening demand scenario on the Asia-European trades appears to have caught carriers and forwarders ...
The latest in an ever-lengthening line of shippers chartering their own vessels to bypass container supply chain congestion is UK supermarket Asda, according to this report from the BBC, which notes that a vessel carrying 350 boxes for Asda has left China and is on its way to the UK. “This is the first time Asda has chartered its own ship and we have done so to navigate the industry-wide supply chain challenges and to make sure there is enough stock on the shelves for customers this Christmas,” a spokesman told the BBC.
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Comment on this article
Chanoch Winnykamien
December 01, 2021 at 11:04 amAs a logistics journalist, I expect the report to specify the exact size of the vessel. 350 boxes vessel is meaningless. Is it 350 TEU or 700 TEU.
How can a 350 TEU vessel be feasible on a journey from Asia to the UK?