container-vessels-at-Los-Angeles-Long-Beach-ports

Container vessels at Los Angeles and Long Beach ports (Photo: New York Times)

 

What has been described as "seemingly interminable queues around the world" accounted for 11% of global containership capacity in 2021, while capacity increased at 7%. In normal times, only about 2% of container vessel capacity is forced to wait at ports.

According to data from Korean shipping line HMM, a small improvement could be seen between October and November 2021. In November 2021, 11.5% of container shipping capacity was delayed, compared with 12.3% in October.

However, looking at North America and Europe figures for December 2021 and early 2022, it shows no signs of improving.

A North American port congestion index showed a record high on December 30, 2021, although improved slightly on January 6, 2022 due to better conditions in Savannah and Charleston.

Sea-Intel CEO Alan Murphy said: “For Europe, we see a situation that has been steadily getting worse since the start of October, with no signs of any improvement – or even levelling out."

“This also implies that we might well expect to see a continued upwards push on freight rates on this trade, as the congestion is likely to have a negative impact on reliability, and hence in turn on available capacity.”

According to the analyst, the reliability of the container shipping schedule will reach between 34% and 40% in 2021.

Murphy warned of the future: "All the available data shows that congestion and bottleneck problems are worsening getting into 2022, and there is no indication of improvements as of yet."

 

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Source: Phaata.com (According to Seatrade-Maritime)

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