Shippers brace for extra costs as carriers invoke force majeure
With US east and Gulf coast ports inaccessible and carriers unable to fulfil contracts, contract ...
The expected rebound in some economies is being stymied by missed calls at some ports, according to the latest report from consultants MDS Transmodal, commissioned by the Global Shippers’ Forum (GSF).
According to the report, up to 40% of expected container capacity in the fourth quarter of 2021 failed to arrive at some ports, including Piraeus, Greece and Colombo in Sri Lanka, compared with pre-pandemic failure rates of 15-20%. Both Jebel Ali in the United Arab Emirates and the UK’s Felixstowe ...
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