News / Chaos now rules the container shipping market, says Yang Ming CFO

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Yang Ming chief financial officer Peter Su said today he believes container shipping has become so chaotic that it is hard to explain port omissions and skipped sailings to shippers

Mr Su said: “Ships have had to detour round the Cape of Good Hope because of the Red Sea situation and this has hindered operations, because it has tightened the availability of ships and containers.

“This is beyond any shipping company’s control.

“The market has become chaotic to the point that it’s impossible ...