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Container shipping may encounter unprecedented "large-scale delays”

In 2021, although Covid-19 has been effectively controlled within China, the pandemic is still raging around the world. It has to be said that the deteriorating situation overseas has had a great impact on the import and export trade. Ports are seeing severe congestions, empty containers continue to pile up, and customs clearance operations and logistics are extremely slow, which have brought huge pressure and challenges to trade operators. A lack of containers, high freight rates, no available slots, port congestions, and slow customs clearance - it may seem unlikely that all of these would occur at the same time and continue to pose problems, but It is now clear that this is the new normal.

The further development of Covid-19 has led the number of confirmed cases in many countries to reach new highs. In many countries, port congestions are severe, especially in Nigeria, the United States, the United Kingdom, Argentina, Malaysia, Australia, India and other countries. Local logistics and major industries are bound to be severely affected, and cargo shipments may suffer from unprecedented "large-scale delays”.

Source: Foreign Shipping

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