On the wires: Freight rates – where the winds blow...
…and who’s hurting the most?
The monthly ocean market update by DHL Global Forwarding is now out:
Topic of the month: Strong cargo demand continues, equipment shortage worsening, schedule reliability deteriorating
Due to the persistent strong cargo demand most carriers have deployed additional capacity leading to infrastructure challenges in many ports, especially in the US.
The port congestion combined with COVID-19 related workforce constraints has led to massive delays with a high number of vessels waiting at anchorage to berth.
As a result the much needed empty ...