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Yang Ming Marine Transport Corp:

Shipping firm sees easing of supply-chain bottlenecks

One of the world’s biggest shipping companies has stated that port bottlenecks, that increased supply-chain congestion because of the war in Ukraine and lockdowns in China, may be showing signs of easing. Currently, the number of ships waiting outside of the ports in Los Angeles and Long Beach have been reduced to less than 40, from more than 100 earlier this year, according to Cheng Cheng-mount, chairman of Taiwan-based Yang Ming Marine Transport Corp.

The waiting time for ships at Shanghai ports is two or three days, compared with 10 to 14 days at the U.S. ports.  “I think this is a good sign that the port congestion has been easing in the U.S.," Cheng said in an interview. “We foresee in the second half, everything will become smooth.”

Source: bloombergquint.com


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