News / Empty boxes will be stuck in all the wrong places for new year peak

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Empty container shortages are expected following the delays and diversions in the Red Sea, which could have longer-term ramifications for the supply chain as it heads into Chinese New Year.  

Normal vessel rotations will nearly double because of diversions around the Cape of Good Hope, CEO of FreightRight Robert Khachatryan told The Loadstar. 

But the immediate rising rates and slowed transit time will only be short-term effects. 

Flexport, in its Red Sea update yesterday, advised that there would be “a lot of ...