Global shipping disruption is continuing, with two out of every three ships caught in what some call a 'traffic jam'.
Kotahi chief executive David Ross says the shipping sector remains "very much in the middle of global disruption". Speaking at the NZ Primary Industries Conference in Auckland last month, Ross pointed out that some NZ trade lanes had lost 30% of capacity due to ships being caught in this traffic jam.
One of the key measures of global shipping is schedule integrity - how many container ships are arriving and departing on time against their published schedule. Normally, shipping schedule integrity is around 80%, meaning four out of every five ships call in at the right time. However, disruptions over the past three years have seen it drop below 30%, says Ross.
Source: ruralnewsgroup.co.nz