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 ...
The global cascading effect of port congestion is playing havoc with intra-Asia trade lanes, with large amounts of cargo stuck at transhipment hubs in the south-east.
According to Peter Sundara, global head of ocean freight for a major cargo owner, transhipment freight from Europe, Africa, Oceania and the US is being “dumped” – in Singapore, particularly.
He told The Loadstar: “It’s not a port productivity problem, rather that feeders and mainline vessels are discharging cargo with no mainline connecting vessels coming in ...
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