Hapag-Lloyd won't take bookings if port congestion leaves cargo stranded
A “cautious” Hapag-Lloyd has warned it will not accept bookings if port congestion leaves cargo ...
By Mike Wackett
Hopes of a return to some form of normality in global supply chains after Chinese New Year in February have been dashed by analysts.
Both Drewry and MSI now do not expect the supply chain crisis underpinning highly elevated freight rates across several tradelanes to normalise before the end of next year.
“Supply chain turmoil will last longer than thought,” says Drewry in its latest Container Forecaster report.
“We had expected more progress at this stage,” said Simon Heaney, senior manager container research. The ...
Comment on this article
Matthew Loder
October 07, 2021 at 1:59 pmAfter the volatility and failures of the last year, Peak Season 2022 will start even earlier than this year, with no new capacity to handle it. The new ships in 2023 plus an extra year of box construction may see us clear by Q2 2023. Maybe.
Brian Sweet
October 07, 2021 at 3:58 pmWe can hope!